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jpeggese
Oct 31, 2015, 12:20 PM
I purchased a property for 60K in 1976, I show that amount on the balance sheet, how do I show the value of the property?

ma0641
Oct 31, 2015, 01:01 PM
Have you been depreciating the building over the years? Is it an income producing property?

paraclete
Oct 31, 2015, 06:46 PM
If you want to revalue to today's values you increase the value of the asset and take the difference to a revaluation reserve