1.

Change in Method of Depreciation is regarded as change in Accounting Policy of the entity.​

Answer»

The statement is True.

  • As per Accounting STANDARD (AS) 21, a change in DEPRECIATION method AFFECTS the overall change in accounting policies.
  • Divulgence of accounting policies, the adjustment in the technique for DETERIORATION is an adjustment in the bookkeeping estimate.
  • Thus, the strategy for devaluation can be changed without review impact or with review impact.


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