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What causes a wrong calculation of depreciation and how can that be corrected


How can we rectify a depreciation that was calculated incorrectly

asked Mar 23, 2014 in IAS 1 - Presentation of Financial Statements by anonymous

1 Answer

0 votes
Are you referring to a prior period error? The you need to correct it retrospectively.
Check this answer
http://www.ifrsanswer.com/69/how-do-you-adjust-prior-period-errors-under-ifrs
answered Mar 24, 2014 by Ema321 Level 2 Member (3,570 points)


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