Use revaluation when the value itself is being judged again, especially after new evidence, prices, or priorities have changed.
Use revaluation when the value itself is being judged again, especially after new evidence, prices, or priorities have changed.
| Incorrect | Correct |
| The team made a revaluation of the safety plan. | The team made a reevaluation of the safety plan. |
| The revaluation of the painting proved it was fake. | The reappraisal of the painting proved it was fake. |
| The first revaluation set the original price. | The first valuation set the original price. |
Use revaluation for an upward official change in a currency rate, and use devaluation when the official value is lowered.
| Incorrect | Correct |
| The revaluation made imports more expensive for local buyers. | The devaluation made imports more expensive for local buyers. |
| The central bank cut the currency's peg through a revaluation. | The central bank cut the currency's peg through a devaluation. |
| A market revaluation of the pound happened overnight. | A market appreciation of the pound happened overnight. |
Use revaluation for the accounting model that updates an asset class to fair value, and be clear whether the result is a surplus or a decrease.
| Incorrect | Correct |
| The company revalued only one machine from a larger class of identical machines. | The company revalued the whole class of machinery. |
| Depreciation is the annual revaluation of an asset. | Depreciation is the annual allocation of an asset's cost. |
| The revaluation surplus was recorded as normal sales revenue. | The revaluation surplus was recorded in equity. |
Use revaluation when value is set again, then let the context show whether it is a general appraisal, a currency change, or an accounting adjustment.
Devaluation lowers an official currency value, while revaluation raises it or reassesses value in another setting.
Formed from re-, meaning again, and valuation. The noun is recorded from the 1610s for a second or repeated valuation.
What does revaluation mean?
Revaluation is the act of setting or judging the value of something again.
Is revaluation the same as reevaluation?
Not exactly. Revaluation focuses on value or worth, while reevaluation can cover any kind of fresh review.
What is currency revaluation?
It is an official increase in a currency's value against other currencies, usually in a managed exchange-rate system.
How is revaluation different from devaluation?
Revaluation raises an official currency value, while devaluation lowers it.
What is asset revaluation in accounting?
It is an adjustment that updates an asset's carrying amount so it reflects fair value.
Can an accounting revaluation reduce an asset's value?
Yes. A revaluation model can lead to a lower carrying amount when fair value has fallen.