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Revaluation Reserve is treated as a Capital Reserve. The increase in depreciation arising out of revaluation of fixed assets is debited to revaluation reserve and the normal depreciation to Profit and Loss account. Selection of the most suitable method of revaluation is extremely important. The most used method is the appraisal method.
The form rouble is preferred by the Oxford English Dictionary and probably derives from the transliteration into French used among the Tsarist aristocracy. It may have been retained in English to avoid confusion with "rubble". In general, American, and some Canadian, authors tend to use "ruble" while other English-speaking authors use "rouble".
Revaluation is a change in a price of a good or product, or especially of a currency, in which case it is specifically an official rise of the value of the currency in relation to a foreign currency in a fixed exchange rate system. In contrast, a devaluation is an official reduction in the value of the currency.
With the revaluation of the ruble, Russia saw the value of its currency cut in half when trading with other nations. For example, in 1707, British envoy Charles Whitworth noted that 110 kopeks was equivalent to 1 British crown (or 5 shillings) where previously 1 ruble was worth 10 shillings. [8]
The opposite of devaluation, a change in the exchange rate making the domestic currency more expensive, is called a revaluation. A monetary authority (e.g., a central bank ) maintains a fixed value of its currency by being ready to buy or sell foreign currency with the domestic currency at a stated rate; a devaluation is an indication that the ...
GRU Official emblem (until 2009) with motto engraved: "Greatness of the Motherland in your glorious deeds" The first Russian body for military intelligence dates from 1810, in the context of the Napoleonic Wars raging across Europe, when War Minister Michael Andreas Barclay de Tolly proposed to Emperor Alexander I of Russia the formation of the Expedition for Secret Affairs under the War ...
The economy of Russia is an emerging and developing, [2] high-income, [27] industrialized, [28] mixed market-oriented economy. [29] It has the eleventh-largest economy in the world by nominal GDP and the fourth-largest economy by GDP (). [5]
A revaluation reserve is a reserve created when a company has an asset revalued and an increase in value is brought to account. A simple example is the situation where a bank owns the land and building of its head-offices and bought the properties for $100 a century ago. A current revaluation is likely to reflect a large increase in value.