CERTYNEX IFRS ACADEMY

Ruvane's file: 'Move from diminishing balance to straight-line depreciation for vehicles: change in accounting policy, applied retrospectively with 2024 restated.' What is the error?

The change should have been charged directly to 2025 equity.

The straight-line method is prohibited for vehicles whose use declines over time.

The change in depreciation method is a change in estimate, applied prospectively.

There is no error.