- This topic has 1 reply, 2 voices, and was last updated 6 years ago by
.
Viewing 2 posts - 1 through 2 (of 2 total)
- Posts
Kindly tell me if the below statements are correct
A)If a company changes the % at which it depreciates an item, this is a change in estimate and will be treated prospectively
B)If a company changes the basis at which it depreciates/values an item, this is a change in policy and is done retrospectively
C)So if a company decided to change its depreciation % on buildings from 10% to 20% this a change in estimate
D)If the company decides it wants to have the buildings revalued each year then this is a change in policy. Correct?
Viewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.