An entity owns a fleet of company cars and executive vehicles, and has other property and equipment in order to service the fleet. It decided to revalue some of its property, plant and equipment. Which one of the following options complies with IAS 16?
A.
Revalue only one-half of each class of property, plant and equipment
B.
Revalue only those parts of the fleet that have increased in value
C.
Revalue an entire class of property, plant and equipment
D.
Revalue only the cars and not the executive vehicles