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Re: Depreciation calculation after a change in the APC value in the middle of useful life

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Hi Ashish,

 

I dont know why your client wanted to change the signed financial statements (Can you intimate the reason if it is not confidential?)

It is not advisable to change the audited figures. It is violation of Accounting standards also.

But if your client is very much needed you can proceed with what you have mentioned and you need not make change to retained earnings.

 

Hope it is clear.

 

Regards,

GSR


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