Under IPSAS 17, how should depreciation be calculated

Under IPSAS 17, how should depreciation be calculated

Under IPSAS 17, how should depreciation be calculated?

    A) Straight-line method only

    B) Reducing balance method only

    C) Either straight-line or reducing balance method, depending on which best reflects the asset's consumption pattern

    D) Not calculated for public sector assets

    Answer: C

    Explanation: IPSAS 17 allows either method as long as it reflects the pattern of consumption of economic benefits or service potential.