CERTYNEX IFRS ACADEMY

During the annual review, a carrier finds that the useful life of its parcel tracking software will be longer than expected. How is this change accounted for?

As the correction of an error: the charges of prior periods are restated.

As a change in accounting policy applied retrospectively at the start of the year.

As a change in estimate, without restating past charges.

As exceptional income equal to the excess of past charges over those under the new life.