03-06-2009, 03:44 PM
Dear All.
I want to learn about depreciation methods and rates used in financial reporting. IAS 16 explains the methods to be adopted for depreciation including Straight line method, declining balance method and units of production method. My question is that what provisions and rates are metnioned in Companies ordinance 1984 in this regard. or in other words What companies Ordinance 1984 says regarding depreciation methods and rates.
Awaiting for your response.
Danish Ayub
I want to learn about depreciation methods and rates used in financial reporting. IAS 16 explains the methods to be adopted for depreciation including Straight line method, declining balance method and units of production method. My question is that what provisions and rates are metnioned in Companies ordinance 1984 in this regard. or in other words What companies Ordinance 1984 says regarding depreciation methods and rates.
Awaiting for your response.
Danish Ayub