![IAS 16 & 38 Amendment – Revenue-based depreciation not appropriate](https://i0.wp.com/philcpa.org/wp-content/uploads/2014/09/Straight-Line-Depreciation1.jpg?resize=150%2C150&ssl=1)
IAS 16 & 38 Amendment – Revenue-based depreciation not appropriate
A variety of depreciation methods can be used to allocate the depreciable amount of an asset on a systematic basis over its useful life, in accordance with International Accounting Standards (IAS) 16 Property, Plant and Equipment. These methods include the straight-line method,…