CERTYNEX IFRS ACADEMY

Gautia replaces the straight-line method with a units-of-production method to depreciate its presses, to better reflect their consumption. How should this change be treated?

As a change in accounting estimate, applied prospectively.

As a change in the measurement basis of the presses.

As the correction of an error, since the straight-line method did not reflect consumption.

As a change in accounting policy, applied retrospectively to the periods presented.