Once a company begins to make revaluation adjustments for plant assets,it must continue to make them.

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Once a company makes the decision to revalue its plant assets, it must continue to make revaluation adjustments in order to maintain accurate financial statements. This requirement is outlined in accounting standards such as IAS 16 Property, Plant and Equipment. Failure to continue making revaluation adjustments could lead to financial statements that are materially misstated.

Once a Company Begins to Make Revaluation Adjustments for Plant