Depreciation and Amortization Presentation
Posted: 19 May 2022, 09:59
Hi All Awesome Accountants
I have a question about financial report presentation.
So I look at the financial report of some companies prepared under IFRS. On the balance sheet, I don't see the accumulated amortization and depreciation. I wonder if this is because IFRS requires the presentation of accumulated depreciation to be net off with the Fixed Assets? Therefore what's presented on the report is the amount net of depreciation (reduced amount)?
Thanks in advance
Sowrudy
I have a question about financial report presentation.
So I look at the financial report of some companies prepared under IFRS. On the balance sheet, I don't see the accumulated amortization and depreciation. I wonder if this is because IFRS requires the presentation of accumulated depreciation to be net off with the Fixed Assets? Therefore what's presented on the report is the amount net of depreciation (reduced amount)?
Thanks in advance
Sowrudy