What course of action is available if it is difficult to distinguish between a change in accounting policy and a change in an accounting estimate?

Douglas Ltd has changed its measurement model for property, plant and equipment from

 

the revaluation model to the cost model.

(a) Is this event a change in accounting policy or a change in accounting estimate in

accordance with AASB 108 ‘Accounting Policies, Changes in Accounting Estimates

and Errors’?

(b) Would your answer to (a) be different if Douglas was adopting a policy of revaluing

assets for the first time in accordance with AASB 116 ‘Property, Plant and Equipment’?

(c) What course of action is available if it is difficult to distinguish between a change in

accounting policy and a change in an accounting estimate?

find the cost of your paper

determine values for K7 and K8.

Polyolefins such as polyethylene undergo slow degradation when placed in air. Degradation occurs by reactions with atmospheric oxygen that lead to the formation of carbonyl groups (groups containing oxygen), gradual….

State the differences in operation and application for junction transistors and MOSFETs.

1. State the differences in operation and application for junction transistors and MOSFETs. 2. We note in Section 12.5 (Figure 12.20) that in FeO (wüstite), the iron ions can exist in both….

Determine values of DT for aluminum, steel, aluminum oxide, soda–lime glass, polystyrene, and nylon 6,6 using the data in Table 19.1.

Nonsteady-state heat flow may be described by the following partial differential equation:     where DT is the thermal diffusivity; this expression is the thermal equivalent of Fick’s second law of diffusion….