Improvement of the fixed assets revaluation procedure

Abstract

Abstract. The cost of fixed capital changes during the circulation process due to various factors. Internal factors influencing cost changes, such as the extensiveness and intensity of fixed asset utilization, are realized through the mechanism of depreciation. External factors, including market price fluctuations and inflation, often impact fixed asset costs. Reflecting such changes in asset costs in accounting is done through the revaluation mechanism, directly affecting the credibility and objectivity of key financial indicators such as asset value, equity amount, expenses, income for the reporting period, and total enterprise income.