Which of the following statements regarding non-current asset accounting is correct?
A.
All non-current assets should be revalued each year.
B.
Non-current assets may be revalued at the discretion of management. Once revaluation has occurred it must be repeated regularly for all non-current assets in a class.
C.
Management can choose which non-current assets in a class of non-current assets should be revalued.
D.
Non-current assets should only be revalued to reflect rising prices.