What course of action is available if it is difficult to distinguish between a change in accounting policy and a change in an accounting estimate?

Douglas Ltd has changed its measurement model for property, plant and equipment from

 

the revaluation model to the cost model.

(a) Is this event a change in accounting policy or a change in accounting estimate in

accordance with AASB 108 ‘Accounting Policies, Changes in Accounting Estimates

and Errors’?

(b) Would your answer to (a) be different if Douglas was adopting a policy of revaluing

assets for the first time in accordance with AASB 116 ‘Property, Plant and Equipment’?

(c) What course of action is available if it is difficult to distinguish between a change in

accounting policy and a change in an accounting estimate?

find the cost of your paper

erive the differential equations in terms of the liquid heights h1 and h2.

  Figure 7.18 shows a liquid-level system in which two tanks have cross-sectional areas A1 and A2, respectively. The volume flow rate into tank 1 is qi. A pump is connected to the bottom….

Derive the differential equation relating the liquid height h and the volume flow rate qi at the inlet.

  Consider the single-tank liquid-level system shown in Figure 7.19, where the volume flow rate into the tank through a pipe is qi. The liquid leaves the tank through an orifice….

Derive the differential equations in terms of the liquid heights h1 and h2.

Figure 7.20 shows a hydraulic system of two interconnected tanks that have the same cross-sectional area of A. A pump is connected to tank 1. Assume that the relationship between the….