Question

A previous guy asked u about revaluation where u said that a company can do revaluation whenever they want ,and if its a going concern company then the fair value of the assets came out thru revaluation will not be considered as break-up value.

So does that also mean otherway round that if a company do revaluation but it has got serious reason for which it can’t be a going concern……then that true value of the assets will be considered the break-up value? Even when they put notes to the account that its not a going concern

Sorry bothering u with this question again but kindly if u clear it out.thank u as ur a great support for self study students like us.