Skip to content
Sign inRegister

Ask the Tutor ACCA FR

Depreciation

MM074y ago
Depreciation method can be change if it does not constitute a change in accounting policy. Can you explain this professor?
P2-D2P2-D2Tutor4y ago#1
A change in the depreciation method is a change in the estimate, so not adjusted retrospectively and adjusted now and in the future. The accounting policy is to depreciate and by changing the method we are still depreciating the asset but just using a different estimate. Thanks
Sign into reply to this topic.