Disclosure

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July 19, 2020 at 11:43 am #577367
sadafwaheed1
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The estimated useful life of property plant and equipment and depreciation rates used must be disclosed
A) True B) false

I thought it’s TRUE but in answer in Kaplan its false. And I’m not able to under the explanation given in Kaplan

Can you please explainnn
July 19, 2020 at 3:26 pm #577392
John Moffat
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The IAS requires disclosure of either the useful life or the depreciation rate. It does not require both of them.
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