Change in method of depreciation
neeraj (CA) (930 Points)
06 June 2012
In what cases Change in method of depreciation is allowed ?????????
1 Replies
ANURAG SINGH
(CA-IPCC Student)
(71 Points)
Replied 06 June 2012
A change in accounting policies should be made in the following conditions:
1.) Adoption of different accounting policies is required by statue or for compliance with an Accounting Standard.
2.) It is considered that change would result in more appropriate presentation of financial statement.
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