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Revaluation of Fixed Assets

This topic has 3 replies, 2 voices, and was last updated 7 years ago by Ken Garrett.

Viewing 4 posts - 1 through 4 (of 4 total)

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May 23, 2017 at 7:05 pm #387649
ashouka
Member
- Topics: 8
- Replies: 8
While revaluing Assets .. can only 1 Fixed asset ,e.g only 1 building, be revalued or should the whole set of Fixed Assets be revalued ?
Thank you in advance. 🙂
May 23, 2017 at 10:08 pm #387680
Ken Garrett
Keymaster
- Topics: 10
- Replies: 10544
If an asset is revalued, all assets of the same class must be revalued.
May 24, 2017 at 7:10 pm #387911
ashouka
Member
- Topics: 8
- Replies: 8
Can i have an example of a class meaning ?
Thanks.
May 24, 2017 at 7:47 pm #387918
Ken Garrett
Keymaster
- Topics: 10
- Replies: 10544
If a company had factories and shops, if a shop was revalues all shops should be, but factories can stay at theor old values.
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