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:

Drop Shadow

A visual effect consisting of a drawing element which looks like the shadow of an object, giving the impression that the object is raised above the objects behind it.

Picture Effect

Image enhancements or visual filters applied to photos to improve their appearance or convey a particular style.

Picture Border

A decorative frame that can be added around images in a document or presentation to enhance their appearance or distinguish them from the background.

Artistic Effect

A digital filter or tool used in graphic design software to apply creative styles to images, such as painting or sketching effects.