Scope, Importance, and Tax Advantages of Continuous Revaluation: Application in a Solar Power Plant Operation

Abstract

Purpose: In this study, it is aimed to present the issues that need attention in practice by evaluating the changes made in the subject of revaluation in its current form.
 Method: In the study, the document analysis technique, one of the qualitative research methods, was used.
 Findings: It has been found that if revaluation is not applied, the financial statements of the enterprises do not reflect the truth and this situation affects the decisions of the information users negatively. Investigations were carried out to bring the economic assets of the enterprises into reality by revaluation, and the positive contributions of this situation to the enterprises were determined with sample applications.
 Implications: In the article, revaluation and inflation adjustment applications, which include specific situations, are compared. Calculations and accounting records made to eliminate the differences between the book values of depreciable economic assets and real estates in the balance sheets and the values formed according to the current prices in the market are presented.
 Originality: It is observed that studies in the literature on the subject are limited due to the fact that the changes in the TPL regarding revaluation are up-to-date. In addition, real business data was used in the study. In this context, it is expected that the study will contribute to the literature and information users.