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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Change in accounting policies & change in accounting estimate
Revising the estimate of the remaining useful life of tangible non current asset from 10 years to 5 years … is it a typical example under the standard accounting policies ?
And categorizing borrowing costs incurred on loans to finance the refurbishment of qualifying asset as intangible non current assets where previously they had been included within finance costs.
Which is correct please ?
The first one is a change in estimate, the second one is a change in policy.
Thanks