In accordance with IASB 16 the depreciation method applied to an asset shall be reviewed:

Question

Quizplus · Accepted Answer

IASB 16 requires that the depreciation method applied to an asset should be reviewed at least at the end of each annual reporting period. This is to ensure that the method used is appropriate and reflects the asset's expected pattern of consumption of its future economic benefits. Option A is not always necessary, option B is not frequent enough, and option D is too vague.

In Accordance with IASB 16 the Depreciation Method Applied to an Asset