Question

Valuation of Fixed Assets is
based on the concept of
*​

Answer 1

Answer:

Asset valuation plays a key role in finance and often consists of both subjective and objective measurements. The value of a company's fixed assets – which are also known as capital assets or property plant and equipment – are straightforward to value, based on their book values and replacement costs.

Explanation:

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Answer 2

Answer:

Hey here it is

According to Accounting Standard-10 Fixed assets should be eliminated from the financial statements on disposal or when no further benefit is expected from its use and disposal. Profit/loss on such disposal or writing off is recognized in the profit and loss account. When the fixed assets are revalued, these assets are shown at revalued price.