The Aspects of Revaluation of Tangible Assets

Andreea Elena Dreghiciu ()
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Andreea Elena Dreghiciu: „1 December 1918” University, Alba Iulia, Romania

Ovidius University Annals, Economic Sciences Series, 2015, vol. XV, issue 2, 428-433

Abstract: To be registered in the current accounting and to be recognized by the annual financial statements, an entity asset must be evaluated. Without using the evaluation, and also the revaluation, the accounting couldn’t present in a correct way the financial position of an entity and its performance, and it could not calculate the economic and financial indicators on the microeconomic and macroeconomic level. The revaluation of tangible asset has an accounting effect, leading to the modification of the values which were initially recorded in accounting. The highlight of revaluation reserves must be done on each corporal tangible asset and on each revaluation operation that has been done.

Keywords: tangible assets; revaluation; amortization; depreciation; revaluation reserves. (search for similar items in EconPapers)
JEL-codes: M40 M41 (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xv:y:2015:i:2:p:428-433

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