When a purchase business is revalued, the effect is that?

Accounts - Principles of Accounts JAMB 2000

When a purchase business is revalued, the effect is that?

  • a decrease in the value of asset has no effect on value of goodwill
  • an increase in the value of asset is treated as an increase in the value of goodwill
  • a decrease in the value of asset is treated as an decrease in the value of goodwil
  • an increase in the value of asset is treated as an decrease in the value of goodwill checkmark

The correct answer is: D

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