Question

what is retrospective method in depreciation?​

Answer 1

Step-by-step explanation:

As per the Accounting Standard 1- Disclosure of Accounting Policies, the change in the method of depreciation is a change in the accounting estimate. ... While with retrospective effect implies that the amount of depreciation to be charged is adjusted from the date of purchase of the asset.

Answer 2

Answer:

hey mate your answer is..

Step-by-step explanation:

As per the Accounting Standard 1- Disclosure of Accounting Policies, the change in the method of depreciation is a change in the accounting estimate. ... While with retrospective effect implies that the amount of depreciation to be charged is adjusted from the date of purchase of the asset.

@Rajsingh....