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.
Ask the Tutor ACCA FR
CH 2 depreciation change.
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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