Acceptable depreciation methods under IFRS include

Name: Acceptable depreciation methods under IFRS include
Brand: Quizplus
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Question

Quizplus · Accepted Answer

All of the three depreciation methods mentioned, straight-line, accelerated, and units-of-production, are acceptable under IFRS, and the choice of method can depend on various factors such as the useful life of the asset, the pattern of use, and the cost of the asset. Thus, any of these methods can be used by an entity to calculate its depreciation expense under IFRS.

Acceptable Depreciation Methods Under IFRS Include