Why the iasb requires an active market to revalue intangible

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Problem 1: Intangible assets can be recorded using the revaluation model only if fair value can be calculated using an active market. The requirement for an active market is not required when using the revaluation model for tangible assets. Discuss with reasons why the IASB requires an active market to revalue intangible assets.

Reference no: EM132630852

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