ACCOUNTING TREATMENT FOR PROPERTY, PLANT AND EQUIPMENT REVALUATIONS

Adrian Trifan and Carmen Anton
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Adrian Trifan: Transilvania University of Brasov, Romania
Carmen Anton: Transilvania University of Brasov, Romania

Management & Marketing, 2013, vol. 8, issue Special-Issue, 379-386

Abstract: Entities may proceed to revaluation of tangible assets existing at the end of the financial year, so that they are shown in the accounts at their fair value, with the results of this revaluation reflected in the financial statements for that year. Revaluation should be made with sufficient regularity, so that the carrying amount should not differ substantially from that which would be determined using the fair value at the date of the balance sheet in relation to an active market. The content of this article presents the reasoning according to which the accounting treatment of the different results from the revaluation of tangible assets is done.

Keywords: revaluation; fair value; depreciation; net carrying amount. (search for similar items in EconPapers)
Date: 2013
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