Revaluation Method in Depreciation

Revaluation Method in Depreciation

This is the most convenient method to use for loose tools and patterns, because new items are often being made in the works and added to the stock, while others become worn out and are discarded. It would he too costly and time consuming to keep records about each tool, and a quick examination by an expert at the end of the year, with a clerk noting down his valuation, is a far easier task. The method of revaluation is also used by farmers in regard to their livestock, and by racing establishments in regard to their racehorses.

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