What Does It Mean to Revalue a Long-Term Asset? How

question 29

Essay

What does it mean to revalue a long-term asset? How do U.S.GAAP and IFRS differ regarding revaluation of long-term assets?

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Definitions:

Nutritive Material

Substances that provide nourishment essential for growth and the maintenance of life.

Endosperm

The 3n nutritive tissue that is formed at some point in the development of all angiosperm seeds.

Ovule Wall

The protective outer layer of an ovule, which develops into the seed coat upon fertilization.

Seed Coat

The outer protective covering of a seed.