8 - Reversal of Downward Revaluation

To post this type of entry you shall need the following accounts from the fixed asset register and the post value adjustment panel:

• to post to the debit side: 
  • Downward revaluation - Credit (e.g. 0212K)
• to post to the credit side: 
  • Downward revaluation - Debit (e.g. 0390D)
  • Revaluated operating revenue (e.g. 7690D) - The difference between the revaluated purchase value (e.g. 0210K) and value adjustment of this account (e.g. 0350D) is credited and it is posted to the "Revaluated operating revenues" account from the post value adjustment panel (e.g. 7690D):

From the fixed asset register :

From the post value adjustment panel:

To establish the appropriate carrying value and with this the corresponding difference from the new value it is MANDATORY that you prior to the entry of reversal of downward revaluation calculate depreciation to the date of reversal of downward revaluation.

• If you have posted downward revaluation for fixed asset and in the future accounting periods there occurs a need to post upward revaluation, then this is done so that you FIRST (entirely or partially) reverse the downward revaluation and only later you also post the possible upward revaluation (see 4- Upward revaluation on upward revaluation accounts).
• The procedure of reversing of downward revaluation is performed also by the disposal of fixed asset (e.g. by disposal of fixed asset or by its permanent deactivation).

For example see:

• Reversal of downward revaluation