When a purchase business is revalued, the effect is that?

When a purchase business is revalued, the effect is that?
  • A.
    a decrease in the value of asset has no effect on value of goodwill
  • B.
    an increase in the value of asset is treated as an increase in the value of goodwill
  • C.
    a decrease in the value of asset is treated as an decrease in the value of goodwil
  • D.
    an increase in the value of asset is treated as an decrease in the value of goodwill
Correct Answer: Option D
Explanation
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