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when can we change the Depreciation Method? and what is the
requirements.
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Answer Posted / abcd
when can we change the Depreciation Method?
@ Adaptation of different method of depreciation is either
required by statue or to comply with accounting standard
@ It i considered that change would result in more
appropriate presentation of financial statement .
what is the
requirements?
If you are going to change any accounting policie.The
discolsure for the same should be given in your financial
statement along with the affect of such change ( i.e the
amount by whic your asset will appreciate in value by
changing the method of of depriciation)
| Is This Answer Correct ? | 14 Yes | 3 No |
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