1.[單選題]Which of the following statements are correct?
1 The carrying amount of a non-current asset is the cost or valuation of that asset less accumulated depreciation.
2 According to IAS 16 Property, plant and equipment, it requires companies to disclose the date of purchase for each asset.
3 Once decided, the useful life of a non-current asset should not be changed.
4 According to IAS 16 Property, plant and equipment, it permits companies to make a transfer from the revaluation surplus to retained earnings for excess depreciation on revalued assets.
A. 1 and 2
B. 2 and 3 only
C. 2 and 4 only
D. 1 and 4 only
2.[單選題] For tangible non-current assets, which of the following statements should be disclosed according to IAS 16 Property, plant and equipment?
1 For revalued assets, the effective date of the revaluation
2 Depreciation methods used and the total depreciation allocated for the period
3 For revalued assets, whether an independent valuer was involved in the valuation
4 A reconciliation of the carrying amount of non-current assets at the beginning and end of the period
A. 1, 2 and 4 only
B. 1 and 2 only
C. 1, 2, 3 and 4
D. 1, 3 and 4 only