Understanding Depreciation (2)

IFRS publications,  ACCA and other related articles are good ways of learning about, and keeping up to date with International Accounting Standards (IAS). Most times, by reading the IFRS pronouncements on a given topic, and reading related articles, you can better understand the gist of the points.

I mentioned in the previous post on depreciation, that questions in this area are usually part of a larger question, testing knowledge on recognition, impairment, valuation, and revaluation.

This article sums up nicely, the relevant points on depreciation. Also, try this quiz; and test your knowledge on depreciation.

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© countingonaccounting and Nuan Moji, 2013. The unauthorised use and/or duplication of this material without express and written permission from this blog’s owner is strictly prohibited. Excerpts & link may be used, if full & clear credit is given to Nuan Moji (blog owner), and countingonaccounting, with appropriate and specific direction to the original content.

 

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