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    Revaluation Of Fixed assets Conor1150

    How do you get the second Revenue reserve figure in the revaluation reserve account ? Thanks

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      Add up all the revolution figures for the asset that is being disposed of

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      in the land and buildings account, how do you get the disposal and the revaluation for the last year?

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      Disposal figure is the cost of the asset being disposed of (goes on credit side of L&B account) and the revaluation figure is the amount the assets were revalued by (goes on the debit side of L&B) i.e. amount they were revalued to less the cost of the L&B held on the date of the revaluation.

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