Economy, asked by govindsyam6688, 1 year ago

What is prospective method of change in depriciation

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Answered by VanshHero

As per the Accounting Standard 1- Disclosure of Accounting Policies, thechange in the method of depreciationis a change in the accounting estimate. ... Thus, the method ofdepreciation can be changed without retrospective effect or with retrospective effect.

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