A change in depreciation method under AS 6 is treated as __

Change in accounting policy

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Change in accounting estimates

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Prior period adjustment

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Departure from AS 6

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Solution

The correct option is A Change in accounting policy
A change in depreciation method under AS 6 is treated as change in accounting policy.
Depreciation is a decrease in the value of the fixed assets due to wear and tear, obsolescence and passage of time.
Depreciation is charged only on the fixed Tangible Assets.

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