CH 2 depreciation change.

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June 26, 2021 at 11:37 am #626380
7fsa
Participant
- Topics: 58
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Dear Chris,
How are you?
I hope you are doing well,
In case of changing the depreciation method for example from straight line to declining balance is that has any effect on the previous year?
Thanks in advance.
June 30, 2021 at 7:20 pm #626726
P2-D2
Keymaster
- Topics: 4
- Replies: 7232
No, as it will be a change in estimate. We will just apply the new method to the carrying value at the date of change.
Thanks
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