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What is Asset Revaluation? and when it is required?
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Answer Posted / thanuja
When in a company, we may not know the book value or
depreciated value of Fixed assets. In this case, we
assertain the value of the assets based on the market
value. This is done to get a correct possition of the
balance sheet. sometimes in case of takeover or acquisition
of a company.
| Is This Answer Correct ? | 22 Yes | 3 No |
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