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Q: How do you apply for revaluation?
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Fundamentally, a revaluation surplus and a revaluation reserve is the same. A revaluation reserve is a revaluation surplus obtained from evaluation.


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a revaluation increase is credited to equity as a revaluation surplus, unless it's a reversal of a revaluation decrease, when it should be recognised as income.


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Surplus on revaluation of assets means that on the even of revaluation, more assets has appreciate in their value then depreciate.


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