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jrupa
Major Contributor

Joined: 16 Aug 2007
Location: United States
Online Status: Offline
Posts: 444

Posted: 15 Apr 2009 at 09:08 \| IP Logged

we are required to disclose the accounting principles in the notes to F/S rt sooooo

the method of depreciation used for current year... is this the accounting policies which should be disclosed in the notes in F/s

divyagovil1
Major Contributor

Joined: 30 Jan 2009
Location: India
Online Status: Offline
Posts: 1456

Posted: 15 Apr 2009 at 09:30 \| IP Logged

Yes, the notes inform the readers about significant accounting policies. Thus, depreciation method being used for financial reporting purposes is being disclosed in the significant accounting policies.

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jrupa
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Joined: 16 Aug 2007
Location: United States
Online Status: Offline
Posts: 444

Posted: 15 Apr 2009 at 09:48 \| IP Logged

thanks divya

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