Question: The discussion in IAS 16 paragraphs 6062 indicates that a change in depreciation method is usually a change in accounting estimate. Explain the logic behind

The discussion in IAS 16 paragraphs 60–62 indicates that a change in depreciation method is usually a change in accounting estimate. Explain the logic behind why a change in depreciation method is normally considered a change in estimate.

Step by Step Solution

3.47 Rating (173 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

The logic behind why a change in depreciation method is normally considered a change in estimate is ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Intermediate Accounting Questions!