1)- A revaluation is the result of a reassessment of the fair value of a non-current asset at a particular point in time. Select one: True False
2)-According to NZ IAS 36 Impairment of Assets, the recoverable amount test requires an entity to compare the fair value of an asset less costs to sell, with: Select one:
a. the amount obtainable from the sale of the asset.
b. its value in use.
c. its disposal value.
d. the costs directly attributable to the liquidation of the asset.