Master TDS & TCS Provisions with Critical Issues. Register Now!

change in the method of depreciation

22 March 2019

If you change depreciation method from slm to wdv what will be its treatment under IND AS and AS? Will it be change in estimate or change in policy.
I want to confirm in ind as - change in estimate
And in As - change in policy.

Reply
Follow
Share

2 Replies

CA Amrita Chattopadhyay (Audit & Assurance) (13459 Points)
Replied 22 March 2019

Depends on which framework you are using in preparation of financial statement. IND AS or AS.

1 Like

Upgrade to CAclubindia Pro. Subscribe Now!

vibhanshu shekhar (2 Points)
Replied 24 March 2019

Even in revised AS 10 - PPE it will be treated as change in estimate not as change in policy and in Ind AS it has specifically written that it will be treated as change in an accounting estimate.