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

Volume 2012, Issue 3
  • ISSN : 1680-7537


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.

Loading full text...

Full text loading...


Article metrics loading...


This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error