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GalinKa [24]
2 years ago
8

What is profit or loss revaluation?​

Business
2 answers:
sweet [91]2 years ago
4 0

Revaluation is used to adjust the book value of a fixed asset to its current market value. ... If a revaluation results in a decrease in the carrying amount of a fixed asset, recognize the decrease in profit or loss

Gelneren [198K]2 years ago
3 0

Answer:

Revaluation

Used to adjust the book value of a fixed asset to its current market value. If a revaluation results in a decrease in the carrying amount of a fixed asset, recognize the decrease in profit or loss.

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