1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
The auditor of a public company is assessing the value of all the intangible assets owned by the company. Which of the following
liq [111]

Answer:

B. The company's brand equity

Explanation:

Intangible assets lack a physical presence. They are assets that cannot be touched or seen. Intangible assets are contrasted by tangible assets, which include land, buildings, vehicles, plants, and machinery.  Examples of intangible assets include patent brand names, trademarks, or and copyright.

Intangible assets have a use-life of more than one year. They can be created or acquired, just like tangible assets. From the list in the case, The company's cash reserves, company's plant and equipment, and company headquarters are tangible assets because they have a physical presence.

6 0
3 years ago
Hello everyone! I'am new over here!<br>May I have some friends?<br>(Indian☺️)​
Ipatiy [6.2K]
This is an education app... thanks for the points tho lol
3 0
3 years ago
Sean, age 37, sold the home he purchased three years ago and now rents an apartment. he had originally purchased his home for $8
ZanzabumX [31]
28,800     is the answer
                                                                                                                                       
6 0
3 years ago
What type of firm helps consumers and businesses build
NISA [10]

Answer: the answer is investment

Explanation: i just did the quiz

3 0
3 years ago
The NIMS guiding principle of ______________ facilitates interoperability among organizations in incident response. a. Flexibili
Sav [38]

Answer: (B) Standardization

Explanation:

The standardization is the principle of the NIMS (National incident management system) and it specifically helps in managing or operating the communication and the information system.

It also helps in facilities the interoperability in an organization for the specific incident response and also establishing the action on the basis of proper planning.

The main objective of the national incident management system is that it helps in guiding the various types of private and the government sectors to prevent  and also protect from the various types of incidents.    

 Therefore, Option (B) is correct answer.

8 0
3 years ago
Other questions:
  • An investment of $115 generates after-tax cash flows of $50 in Year 1, $90 in Year 2, and $150 in Year 3. The required rate of r
    9·1 answer
  • Research the Minnesota Importance Questionnaire (MIQ) and write one paragraph explaining the purpose and benefits of taking this
    13·2 answers
  • Select cost information for Seacrest Enterprises is as follows: 1,000 units of output 5,000 units of output Total Cost/Unit Tota
    11·1 answer
  • _____ has always been a feature of the taiwanese economy but experts warn that the _______ ________ ________ will hamper growth
    11·2 answers
  • Loren and Kendra enter into a contract for the distribution of Loren’s produce to local restaurants for which he agrees to pay K
    9·1 answer
  • Given a pay range with a minimum of $16 per hour and a maximum of $20 per hour (with a midpoint of $18 per hour), what is the co
    5·1 answer
  • What can you learn from a stock market game?
    14·1 answer
  • Khalifa’s friend, Khalid, has told him that managing the finances of the business is very important.
    7·1 answer
  • roponents of zero inflation argue that a successful program to reduce inflation a. permanently raises unemployment. b. eventuall
    13·1 answer
  • What is a​ long-term purchase commitment to a supplier for items that are to be delivered against​ short-term releases to​ ship?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!