Board Resolution For Revaluation of Assets
“RESOLVED THAT the undernoted assets be revalued as indicated below and the total appreciation resulting thereby be credited to Capital Reserve Account:
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Description of Assets
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Book Value of Assets
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Revised Value
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Appreciation in Value
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“FURTHER RESOLVED THAT ___________ be and is hereby authorized to make necessary entries in the books of accounts and take all necessary actions to implement the above board resolution.”
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