What is the purpose of asset revaluation - SS2 Accounting Revaluation of Assets Question
What is the purpose of asset revaluation?
A
To overstate the value of an asset on a company's balance sheet
B
To understate the value of an asset on a company's balance sheet
C
To accurately represent the value of an asset on a company's balance sheet
D
To avoid paying taxes on the value of an asset
correct option: c
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