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Jae Corporation purchased land for $100,000. Jae is holding the land for future use and appropriately classifies the land as investment property. Jae prepares its financial statements in accordance with IFRS. What valuation model(s) may Jae use to report the land? A. Fair value model or revaluation model. B. Cost model or fair value model. C. Cost model or revaluation model. D. Fair value through profit or loss or revaluation model. |