United kingdom allows an assets book value to be increased


United Kingdom allows an asset's book value to be increased to its estimated market value. Why do you think a company's management would want to write up the value of its assets? What impact would such a write-up have on the balance sheet and the income statement? In what manner is the practice of asset write-ups inconsistent with U. S. GAAP?

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Financial Management: United kingdom allows an assets book value to be increased
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