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Illustration 17: Impact of Revision in Useful Life

Financial Reporting

Sir while following the Gross approach, the difference between ORIGINAL DEPRECIATION and REVISED DEPRECIATION will that be transferred to Retained earnings as net income approach? Video Details ------------- Ind AS - CA Final Ind AS 16 Property, Plant and Equipment #34. Illustration 17: Impact of Revision in Useful Life

Harini Desu

CA Final

★ 80

16-May-25 22:56

Answers (1)

It depends on the accounting policy elected by the entity.

CA Suraj Lakhotia

Admin

19-May-25 11:39

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