Alternative measurement method exist after assets are recognized

There are two  alternative measurement method exist after assets are recognized?

Para 29 of IAS 16 states:

An entity shall choose either the cost model in paragraph 30 or the revaluation model in paragraph 31 as its accounting policy and shall apply that policy to an entire class of property, plant and equipment.

What factors should entities consider in choosing alternative measurement method models?

Relevance of information provided: generally current information is preferred to past information.

 Reliability of the information: cost measures are generally more reliable than valuation measures.

Cost of providing the information: Adoption of the valuation model entails costs of valuation and audit.

What is meant by ‘depreciation expense’?

Para 6 of IAS 16 defines depreciation as:

Depreciation is the systematic allocation of the depreciable amount of an asset over its useful life

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