IAS 8

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September 10, 2022 at 2:24 am #666053
nirgunt
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Change in depreciation methods are to be recognised as a change in accounting estimate, I understand depreciation methods to be SLM, WDV but is the change from the cost model to revaluation model, a change in depreciation method?

Thank you
September 11, 2022 at 8:47 pm #666172
P2-D2
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Hi,

Yes, the change from cost to revaluation method is a change in policy but it is covered by IAS 16 and not IAS 8. All this means is that there is no adjustment to the prior year figures.

Thanks
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