Question

Change in Method of Depreciation is regarded as change in Accounting Policy of the entity true and false​

Answer 1

Answer:

true

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Answer 2

Answer:

On the same footings, change in depreciation method is not a change in accounting policy rather it is a change in accounting estimate. Change in accounting policy only occurs if rules of either recognition, measurement or presentation of line item are changed. Change in depreciation method changes neither of these.