With regard to IAS 16 Property, Plant and Equipment , which of the following statements is true? A Any assets where management believe the carrying amounts and market values are materially different...

• With regard to IAS 16
  Property, Plant and Equipment, which of the following statements is true?

A         Any assets where management believe the carrying amounts and market values are materially different may be revalued

B         Assets which are carried under the revaluation model must be revalued every five years

C         Increases in value on an initial revaluation are always credited directly to equity

D        The fair value of land and buildings must be determined on an existing use basis