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Low Ltd has changed their depreciation policy on non-current assets from the straight-line method to the declining balance method for all newly acquired assets. This
Low Ltd has changed their depreciation policy on non-current assets from the straight-line method to the declining balance method for all newly acquired assets. This change has no material effect on the current years financial report but is reasonably certain to have a substantial effect in later years. If the change is adequately disclosed in the notes to the financial report, what type of opinion should the auditor express on the financial report of Low Ltd? Explain the reason for your answer.
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