EVALUAREA UNEI CONSTRUCȚII AMORTIZATE INTEGRAL
EVALUATION OF A FULLY AMORTIZED BUILDING

Summary/Abstract: The article analyses an economic phenomenon encountered by many entities in Romania where a tangible asset, after the full amortization of the original registration value, is still used. Due to the fact that no fiscal complications are desired, the management of the entities chooses an economic life of the tangible assets equal to the normal duration of operation. Thus, we can encounter the case when fully amortized tangible assets are further used in the performed activity, of course, due to their technical condition. The entity in this situation will re-evaluate the property, in most cases with the help of an authorized person. This revaluation process will result in a new book value and a new economic life period. The resulting surplus will be recorded in revaluation reserves, resulting in an increase in equity and a new financial position of the entity.

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