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The Discussion in IAS 16 Paragraphs 60-62 Indicates That a Change

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Essay

The discussion in IAS 16 paragraphs 60-62 indicates that a change in depreciation method is usually a change in accounting estimate. Explain the logic behind why a change in depreciation method is normally considered a change in estimate.


Definitions:

SRY Gene

A gene on the Y chromosome responsible for initiating male sex determination in humans and most other mammals.

Master Gene

Gene encoding a product that affects the expression of many other genes.

Lactose

A disaccharide sugar composed of glucose and galactose, commonly found in milk and dairy products.

Mammals

Warm-blooded vertebrates characterized by the presence of mammary glands, which females use to feed their young.

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