04-10-2010, 09:10 PM
dear friends i appreciate your replies but sorry to say that u people did not understand that what is my problem.it is because of lack of my communication skills.
i just want to know whether a person in straight line method divides the depreciable amount with Asset's Useful life or Asset's Economic life
it is mentioned in IAS-16 that it must be divided by its useful life
but i m confused that if Useful life is shorter then Asset's Economic life then whether i should depreciate it in accordance with its useful life or Economic life.
i just want to know whether a person in straight line method divides the depreciable amount with Asset's Useful life or Asset's Economic life
it is mentioned in IAS-16 that it must be divided by its useful life
but i m confused that if Useful life is shorter then Asset's Economic life then whether i should depreciate it in accordance with its useful life or Economic life.
