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

question 8

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:

Parental Expectations

The beliefs or desires parents have regarding their children's behavior, achievements, and qualities.

Child Temperament

The innate traits that influence how a child reacts to their environment and regulates their emotions, often noticeable in early infancy.

Separation Anxiety

A disorder in children characterized by excessive fear or anxiety about separation from home or attachment figures.

Attachment Figure

An individual who provides a child with emotional and physical security, often a parent or primary caregiver.