REVISED USEFUL LIFE

/Tag:REVISED USEFUL LIFE

Revision of Software useful file

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

By |June 9th, 2010|IAS 16, IAS 8|1 Comment

Revised useful life of Assets

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 an...

By |July 11th, 2009|DOCUMENTS, IAS 16|6 Comments