Published: 2026-10-01
Revaluation of Fixed Assets: Innovative Strategies in Optimizing Value and Economic Lifespan at PT Garuda Indonesia
DOI: 10.35870/emt.v10i4.7394
Abstract
This study aims to analyze the implementation of fixed asset revaluation as an innovative strategy to optimize the value and economic useful life of assets at PT Garuda Indonesia (Persero) Tbk. Revaluation is carried out to align the book value of fixed assets with their fair value amid external dynamics, particularly the COVID-19 crisis. Using a descriptive qualitative approach, this research employs secondary data from the company’s annual reports from 2020 to 2024. The results indicate significant fluctuations in revaluation values, reflecting the company’s strategic response to financial pressures and changes in the business environment. Revaluation has contributed to more relevant financial reporting, improved capital structure, fiscal efficiency, and extended economic life of assets. The policy also reflects compliance with PSAK 16 and forms part of a long-term managerial strategy for recovery and enhanced competitiveness. Thus, fixed asset revaluation is not merely a technical accounting measure but a critical instrument in corporate strategic decision-making.
Keywords
Fixed Asset Revaluation; PSAK 16; PT Garuda Indonesia; Economic Useful Life of Assets; Managerial Strategy
Article Information
This article has been peer-reviewed and published in the Jurnal EMT KITA. The content is available under the terms of the Creative Commons Attribution 4.0 International License.
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Issue: Vol. 10 No. 4 (2026)
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Section: Articles
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Published: 2026-10-01
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License: CC BY 4.0
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Copyright: © 2026 Authors
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DOI: 10.35870/emt.v10i4.7394
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Dewi Sri Wahyuni, Universitas Muslim Nusantara Al-Washliyah
Department of Accounting, Universitas Muslim Nusantara Al-Washliyah, Medan City, North Sumatra Province, Indonesia.
Naila Zahira, Universitas Muslim Nusantara Al-Washliyah
Department of Accounting, Universitas Muslim Nusantara Al-Washliyah, Medan City, North Sumatra Province, Indonesia.
Desi Enjel Hasibuan, Universitas Muslim Nusantara Al-Washliyah
Department of Accounting, Universitas Muslim Nusantara Al-Washliyah, Medan City, North Sumatra Province, Indonesia.
M. Milwan Zuhri, Universitas Muslim Nusantara Al-Washliyah
Department of Accounting, Universitas Muslim Nusantara Al-Washliyah, Medan City, North Sumatra Province, Indonesia.
Henny Andriyani Wirananda, Universitas Muslim Nusantara Al-Washliyah
Department of Accounting, Universitas Muslim Nusantara Al-Washliyah, Medan City, North Sumatra Province, Indonesia.
Alistraja Dison Silalahi, Universitas Muslim Nusantara Al-Washliyah
Department of Accounting, Universitas Muslim Nusantara Al-Washliyah, Medan City, North Sumatra Province, Indonesia.
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