Which of the following will not impact on an asset revaluation account?

Question

Quizplus · Accepted Answer

Asset revaluation accounts are impacted by changes in the value of assets. Provisions for doubtful debts, new bad debts, and adjustments to the loan for a car's repayment value all directly affect the valuation of assets. Partner's salaries, however, are an expense related to the operation of the business and do not impact the valuation of assets directly.

Which of the Following Will Not Impact on an Asset