ICICI

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Revaluation of fixed assets

CA Krishna Chaitanya M (Chartered Accountant) (463 Points)

12 April 2013  

is revaluation of fixed assets mandatory for every entity, when revaluaion is required.


 3 Replies

Krunal Jani (Article Assistant) (63 Points)
Replied 15 April 2013

Originally posted by : chaitanya

is revaluation of fixed assets mandatory for every entity, when revaluaion is required.

No, revaluation of fixed assets is not mandatory for every entity. it is only required to be done at the time of restructuring of entity and in some other cases......

1 Like

santhosh kumar (article student) (79 Points)
Replied 20 July 2013

Revaluation is optional. but if the entity opts to revaluation then AS-10 & guidance note on Revaluation shall be followed.

CA Nitin K. Varshney (CA- Practice) (372 Points)
Replied 20 July 2013

revaluation is done at the time of restructuring, amalgamation, demerger, merger and also at the of calculating goodwill. at the time of revaluatio of assets, rules of AS-10 will be applied with the provisions of guidance note on revaluation, revaluation reserve is created with the amount of revalued assets,


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  


Related Threads


Loading



Subscribe to the latest topics :
Search Forum:

Trending Tags