12-03-2011, 02:38 AM
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by Information Consultant</i>
<br />Thanks Nabeel
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Agreed with Nabeel.
Dear Nabeel
What should we have to do in respect of change the method of depreciation as per IAS # 08 for more reliable and comparable financial reporting.
Assume that the management is planning to change the depreciation method from straight line to reducing balance. As per changes in policy; how much life of that asset should be taken for adjustment as the asset is fully depreciated.
Regards
UMAR.
<br />Thanks Nabeel
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Agreed with Nabeel.
Dear Nabeel
What should we have to do in respect of change the method of depreciation as per IAS # 08 for more reliable and comparable financial reporting.
Assume that the management is planning to change the depreciation method from straight line to reducing balance. As per changes in policy; how much life of that asset should be taken for adjustment as the asset is fully depreciated.
Regards
UMAR.
