[单选题]
ABC has revalued its property for the first time this year. It is proposing a policy whereby depreciation based on the original historic cost is charged as an expense to profit or loss and the depreciation based on the revalued amount is charged directly to revaluation surplus, this policy is known as split depreciation.Under IAS 16 Property, Plant and Equipment is this policy of split depreciation permitted?
A .Yes, it is required
B .Yes, it is allowed but not required
C .Yes, it is allowed only in prescribed circumstances
D .No it is not allowed
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