Under AASB 108,a Change in the Useful Life of a Fixed

question 46

True/False

Under AASB 108,a change in the useful life of a fixed asset which affects the depreciation charge is regarded as a change in accounting policy,not a change in an accounting estimate.

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Definitions:

Sensational Riot

A violent public disorder that is dramatically exaggerated or highlighted in media or popular discussion.

Atlanta

The capital city of Georgia, known for its rich history in the civil rights movement and as a major cultural and economic center in the United States.

Prominent Black Citizens

Leading or well-known African American individuals who have made significant contributions to society.

Spanish Atrocities

Acts of cruelty and violence perpetrated by the Spanish during their conquests and colonial rule, particularly against indigenous peoples in the Americas.