Accounting · Accounting Policies, Changes in Accounting Estimates and Errors
According to IAS 8, changing the depreciation method of a fixed asset from the reducing balance method to the straight-line method is classified as a change in:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Accounting Estimate, requiring retrospective application
- 2Accounting Policy, requiring prospective application
- 3Accounting Estimate, requiring prospective application✓
- 4Accounting Policy, requiring retrospective application
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Accounting Estimate, requiring prospective application
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