leadcfa

Need to refine your statement rus,

All upward revaluations increase equity, but not all upward revaluations increase profitability.

An increase in value of a previously impaired asset flows through net income and increases equity.

An increase in value of an asset that has never been impaired flows directly to equity. It does not flow through net income.

Bonus info: A decrease in value of an asset that was previously revalued upwards first flows directly through equity to the extent of the previous revaluation.