Accounting Estimate And PolicyForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Accounting Estimate And PolicyThis topic has 1 reply, 2 voices, and was last updated 8 years ago by MikeLittle.Viewing 2 posts - 1 through 2 (of 2 total)AuthorPosts November 23, 2016 at 5:39 pm #351032 saqlainrattansiMemberTopics: 93Replies: 98☆☆Kindly tell me if the below statements are correctA)If a company changes the % at which it depreciates an item, this is a change in estimate and will be treated prospectivelyB)If a company changes the basis at which it depreciates/values an item, this is a change in policy and is done retrospectivelyC)So if a company decided to change its depreciation % on buildings from 10% to 20% this a change in estimateD)If the company decides it wants to have the buildings revalued each year then this is a change in policy. Correct? November 23, 2016 at 9:22 pm #351068 MikeLittleKeymasterTopics: 27Replies: 23327☆☆☆☆☆Correct, but if it changes from straight line depreciation to reducing balance, what would that be?AuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In