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It is expected that the service potential of a non-current asset will decline over time. The appropriate accounting treatment is to: amortise the asset over
It is expected that the service potential of a non-current asset will decline over time. The appropriate accounting treatment is to:
amortise the asset over its useful life.disclose the effect in the notes to the statement of financial position if it is material in nature.write-off the asset.accrue the difference as a payable in adjusting entries at the end of the period.
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