Accounting · IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors
How should a voluntary change in the presentation/classification of depreciation expense in financial statements be accounted for under IAS 8?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1As a change in accounting policy requiring retrospective application✓
- 2As a change in estimate requiring prospective application
- 3As a prior period error requiring retrospective application
- 4As the adoption of a new accounting policy requiring prospective application
Correct answer
As a change in accounting policy requiring retrospective application
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