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what is the difference between revalution of assets and asset impairment?
An impairment always leads to a reduction of an asset.
As a result of a revaluation, the value of an asset may be increased or it may need to be reduced (impaired)
All elephants are animals but not all animals are elephants!
All impairments are the result of a revaluation, but not all revaluations result in an impairment