1
Ph.D of Accounting - Allameh Tabataba'i University, Iran
2
Bachelor of Accounting
10.22034/iaas.2020.112773
Abstract
In revaluation of fixed assets metod after recognition, if the fair value can be measured reliably, it should make to the fair value at the date of revaluation amount that after deduction of accumulated depreciation and accumulated reduction after revaluation.
In this paper, we review the history of asset revaluation, accounting procedures and practice of revaluation in international accounting standards, Iranian accounting standards and the accepted principles of accounting and will be the comparative study. Accepted accounting principles in the various countries show that in the some countries, the cost model is used as the accounting procedures and revaluation is not allowed. In Iran, in contrast to previous years, according to the law, a revaluation surplus of assets is not taxable and therefore companies were willing to do it more.
Marfou,M. , Marfou,M. and Momenzdaeh,M. H. (2020). Revaluation of Fixed Assets Literature Review. Accounting and Auditing Studies, 9(34), 51-66. doi: 10.22034/iaas.2020.112773
MLA
Marfou,M. , , Marfou,M. , and Momenzdaeh,M. H. . "Revaluation of Fixed Assets Literature Review", Accounting and Auditing Studies, 9, 34, 2020, 51-66. doi: 10.22034/iaas.2020.112773
HARVARD
Marfou M., Marfou M., Momenzdaeh M. H. (2020). 'Revaluation of Fixed Assets Literature Review', Accounting and Auditing Studies, 9(34), pp. 51-66. doi: 10.22034/iaas.2020.112773
CHICAGO
M. Marfou, M. Marfou and M. H. Momenzdaeh, "Revaluation of Fixed Assets Literature Review," Accounting and Auditing Studies, 9 34 (2020): 51-66, doi: 10.22034/iaas.2020.112773
VANCOUVER
Marfou M., Marfou M., Momenzdaeh M. H. Revaluation of Fixed Assets Literature Review. Accounting and Auditing Studies, 2020; 9(34): 51-66. doi: 10.22034/iaas.2020.112773
