PDA

View Full Version : Accounting and financial management


udi2587
Jun 17, 2014, 02:37 AM
Qu :which of this is not an example of accounting estimate ?

Ans :
1) useful life of a depreciable asset.
2) impairment of assets.
3) employee benefits.
4) none of the above

ma0641
Jun 17, 2014, 02:53 PM
So what do you think? Why?

pready
Jun 18, 2014, 10:26 AM
You need to think about each item and you have to know how amounts are figured for each item or where different figures come from.

For example Equipment: Where does salvage value and useful life come from.