Depending upon your jurisdiction there may be limitations or restrictions on when your CPA or accountants may call for a revaluation of a fixed asset or to which set of books (federal tax, state tax, or GAAP) revaluation is called for. This treatment is more applicable for IFRS.

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• This discussion was modified 1 year ago by  Gary.

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Fixed Assets Revaluation in SAP Business One

Fixed Assets is a serious part in the balance sheet and is an object of check for auditors and tax authorities. That is why we need to be sure that all transactions with fixed assets are transparent and clear. In … Continue reading