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U.K GAAP permits U.K. firms to revaluate fixed assets upward when the market value of...

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Accounting

U.K GAAP permits U.K. firms to revaluate fixed assets upward when the market value of these assets is higher than the recorded book value amounts.

In the year of revaluation, what is the effect of the revaluation on?

a. Asset turnover ratio

b. ROA

c. Total Assets

d. Debt to total asset ratio

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