As - 6
This query is : Resolved
31 March 2012
Can change in the rate of depriciation be permissible under AS -6 ?
And if yes what are the treatements for the same ?
And if yes what are the treatements for the same ?
31 March 2012
In case of Where there is a revision of the estimated useful life of an asset or residual value rate of depreciation can be changed.
No need for retrospective application. Treatment will be same at revised rate.
No need for retrospective application. Treatment will be same at revised rate.
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