IAS 16

A matter of semantics ... and not desperately important Here's an extract from the IASPLUS webpage on IAS 16: "Measurement subsequent to initial recognition IAS 16 permits two accounting models: Cost model ... Revaluation model - the asset is carried at a revalued amount, being its fair value at the date of revaluation less subsequent depreciation and impairment, provided that fair value can be measured reliably" It looks to me that a revaluation loss is synonymous with impairment where an asset is carried under the revaluation model OK?