EVANS & TATE WINERY

Part A: Evans & Tate Winery

Part A: Evans & Tate Winery

d.

If Evans & Tate had used the cost model rather than revaluation model for vineyards and valuing grapes for 2001 to 2005, the impact on reported earnings in the years would be more encouraging as the cost model will serve as the better model in comparison to revaluation model. In this context, in order to present a cost model we must start by defining the meaning of a model. Some authors consider a model is a specimen or sample that follows or that fits who runs a work ...