02-10-2010, 02:40 AM
but according to gripping IFRS cummulative method is allowed although standard is silent about this method.we can adjust carrying amounts or can also use cummulative method.i have solved the question like this in which asset had 10 years life initial 4 years dep rate was 10% and other 6 years 5% after considering the pattern of consumption management changed its useful life to 8 years and rate 12% in initial 3 years and 7% in next 4 ,this question was solved by cummulative method.
so i would suggest you mehwish not to apply cummulative it may be solved by prospective application ,which is encouraged by ifrs BUT both methods are right
so i would suggest you mehwish not to apply cummulative it may be solved by prospective application ,which is encouraged by ifrs BUT both methods are right
