A new accountant has been appointed to the firm of Gutenberg Ltd, which owns a large number

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A new accountant has been appointed to the firm of Gutenberg Ltd, which owns a large number of depreciable assets. Upon analysing the firm's depreciation policy, the accountant has implemented a new policy based on the principle that the depreciation rate for particular assets should measure the decline in the value of the assets. Discuss this policy change.
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Applying International Financial Reporting Standards

ISBN: 978-0730302124

3rd edition

Authors: Keith Alfredson, Ken Leo, Ruth Picker, Paul Pacter, Jennie Radford Victoria Wise

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