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Change in rate of Depreciation

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26 January 2011 change in rate of depreciation amounts to change in accounting estimate, but whether effect of change in rate can be given retrospectively?
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B. Gopalkrishna Baliga

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B. Gopalkrishna Baliga (Expert)
26 January 2011 yes, you can give the effect retrospectively but then, of course, you will have to book the profit or loss accordingly.

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