Question on: SS2 Accounting - Revaluation of Assets
Why might a company choose to revalue an asset?
View related lesson
A
To make the asset appear more valuable than it actually is
B
To avoid paying taxes on the asset
C
To accurately reflect changes in the value of the asset over time
D
To reduce the company's overall asset value
Ask EduPadi AI for a detailed answer
Correct Option: C
Add your answer
Please share this, thanks!
No responses