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Depreciation is dependent on a number of estimates and change in an estimate is made on
Depreciation is dependent on a number of estimates. When a change in an estimate is required, the change is made in the current year and in the future books.
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Asked 10/16/2013 4:43:53 AM
Updated 11/23/2018 7:31:13 AM
1 Answer/Comment
Flagged by emdjay23 [11/21/2018 9:48:16 PM], Unflagged by jeifunk [11/23/2018 7:31:09 AM], Edited by jeifunk [11/23/2018 7:31:13 AM]
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Depreciation is dependent on a number of estimates. When a change in an estimate is required, the change is made in the current year and in the future books.
Added 11/21/2018 9:48:14 PM
This answer has been confirmed as correct and helpful.
Confirmed by Masamune [11/22/2018 8:44:23 AM]
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What do you understand by the concept of conservatism
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1 Answer/Comment
The conservatism principle is the general concept of recognizing expenses and liabilities as soon as possible when there is uncertainty about the outcome, but to only recognize revenues and assets when they are assured of being received.


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1 Answer/Comment
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1 Answer/Comment
A web browser is best described as a General purpose application program.
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1 Answer/Comment
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