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.
Menu
change in the method of depreciation
Replies (2)
Depends on which framework you are using in preparation of financial statement. IND AS or AS.
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.
Recent Threads
- TDS u/s 194J - training honorarium
- WHERE TO REGISTER UNDER PTRC AND PTEC ACTS ?
- Key Corporate Compliance Requirements for Private
- Gst Non Filling Return Notice
- GSTR 2B ( MULTIPLE MONTHS )
- Eway bill generation for export material.
- International Tax clarification UK.
- E way bill expired penalty
- Best SME Focused AIF Funds in India for High Growt
- How does employee management software help in stat
Related Threads
CAclubindia
