what is revaluation of assets and liabilities?
Answer Posted / d&
a revaluation of fixed assets is a technique that may be
required to accurately describe the true value of the
capital goods a business owns.The purpose of a revaluation
is to bring into the books the fair market value of fixed
assets. This may be helpful in order to decide whether to
invest in another business. If a company wants to sell one
of its assets, it is revalued in preparation for sales
negotiations.
Is This Answer Correct ? | 10 Yes | 3 No |
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