REVALUATIONS Recognizing Revaluations
{"Image DocumentName": "REVALUATIONS Recognizing Revaluations", "Image ImageDescription": "Companies may value long-lived tangible asset subsequent to acquisition at cost or fair value. Network Rail (GBR) elected to use fair values to account for its railroad network. Increased long-lived tangible assets by \u00a34,289 million. Change in the fair value accounted for by adjusting the asset account and establishing an unrealized gain. Unrealized gain is often referred to as revaluation surplus. LO 7.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}