Accounting for IGCSE & O level - Accounting Procedures (Section 5 - No. 49)
In what type of situation might a company increase the value of assets?
When assets decline due to depreciation.
When assets market value increases.
In situations where there is revaluation.
When repairs occur.
Explanation
In some situations, an asset's value can be increased. This usually happens during revaluation or economic improvements.
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