hello Mr Mike,
Can we say that a change in the depreciation method is a chnage in accounting policy? I have always believed that it is a change in accounting estimate
Ask the Tutor ACCA FR
changes in accounting policy
11y ago#1The policy is "to charge depreciation on an asset so as to spread the cost over its estimated useful life"
A change in the way depreciation is calculated is a change in estimate, not a change in policy
Thank you!
11y ago#3You're welcome
Sign in to reply to this topic.