Revaluation Indexes

A revaluation index is a value that has been determined by an agency outside the company, governmental or private, that reflects a change in cost that can be applied to the assets. The change might relate to currency fluctuations or the price of certain kinds of assets in the marketplace, or some combination of factors. Depending on your approach to revaluation or government regulations concerning revaluation, you might need only a single index; or you might need several tables of indexes. These indexes are entered into the system manually and then applied to the assets in the method that you select.