Accounting · IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors
Which of the following scenarios represents a change in accounting policy under IAS 8?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Changing the residual value of an asset in the calculation of depreciation
- 2Changing the method of depreciation from straight-line to reducing-balance based on revised usage patterns
- 3Changing the estimated useful life of an asset
- 4Changing the presentation of plant depreciation from administrative expenses to cost of sales✓
Correct answer
Changing the presentation of plant depreciation from administrative expenses to cost of sales
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