02-10-2011, 08:53 PM
Revaluation is an increase in the fair value of an asset. An asset is revalued to bring into the books the fair market value of an asset.
Impairement is a reduction in the value of an asset. It's the excess of carrying value over the asset's value-in-use
Impairement is a reduction in the value of an asset. It's the excess of carrying value over the asset's value-in-use