Which of the following statements are true about the revaluation model per IAS 16 Property, Plant and Equipment? 1) Excess depreciation as a result of a revaluation exercise can be transferred between...

Which of the following statements are true about the revaluation model per
IAS 16 Property, Plant and Equipment?
1) Excess depreciation as a result of a revaluation exercise can be
transferred between reserves
2) Depreciation must be charged based on the historical cost of the
asset
3) All assets of the same class must be revalued
4) Valuations must be independent and carried out regularly

Which is correct ?
a) 1, 3 and 4
b) All of the above
c) 1 and 3
d) 2, 3 and 4