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n Professional Accountant - Determining a depreciation policy : IFRS for SMEs

Volume 2012, Issue 3
  • ISSN : 1680-7537

Abstract

IFRS for SMEs defines depreciation as the systematic allocation of the depreciable amount of an asset over its useful life. Depreciation is often described as the amount by which the economic value embedded in the asset diminishes through its use, namely, the estimated cost of using the asset in the process of generating income or carrying out the operating activities of the entity.

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/content/account/2012/3/EJC125937
2012-01-01
2019-11-21

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