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IAS 16, IAS 8 »

[9 Jun 2010 | One Comment | 1,436 views]

What could be evidence for justifying software life revision from 5 years to 3 years. So that prospective application of change.

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IAS 16 »

[11 Jul 2009 | 6 Comments | 4,745 views]

Dear all
If the life of an Asset is revised. Should we give effect retrospectively or prospectively. Please give refernce from IFRS/IAS.
and is it mandotary to revise the whole class of assets life. e.g if one truck is working in desert /rough areas and one is in city area do we have to revised the life of both?
Regards

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