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What is Asset Revaluation? and when it is required?
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Answer Posted / ca.mohit kumar
when book value of asset is extraordinay low in compare to
market value of asset then revaluation is done in books to
bring the asset in book on right value
if value of asset in books is high in compare to market
value concept of imparement of asset will be levid
sometime revaluation of done is done at time of selling of
business amalgmt. etc
| Is This Answer Correct ? | 7 Yes | 2 No |
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