Depreciation calculation!! Need help.

aitha balarakesh (41 Points)

14 November 2017  

If the depreciation in the previous FY is calculated wrongly (while calculating remaining useful life taken years wrongly), If it has to be rectified in the current year, how can it be rectifed and for the current FY depreciation should be calculated at previous years figures or corrected figures? Please help me in this regard!!!