IFRS in Focus — IASB proposes clarification of acceptable methods of depreciation and amortisation
Published on:
Dec 19, 2012
This newsletter describes the IASB’s proposals for limited amendments to IAS 16 Property, Plant and Equipment and IAS 38 Intangible Assets proposing:
- prohibition of the use of a revenue-based method when property, plant and equipment is depreciated and/or intangible assets are amortised
- clarifications to the application of the diminishing balance method of depreciation or amortisation.
The proposals were published on 4 December 2012 and comments close on 2 April 2013.
