EFTA Document EFTA01367275

Amendment ::4 Page 846 of 868 Amyx/meats fo lAS 16 and LAS 38: Clarlficatlon of Acceptable Methods of Depreciation and ATOIIIIMIOI) The artendrneres clarify Ire principle in RS 16 and IAS 38 trot revenue reflects a pattern of mcnomc benefits that are generated from metering a business (of when the asset is pen) rather Than the economic benefits Wet are consumed through used the asset Asa resus a revenuehased melrod cannot te used to devecete PropertY, plant and equipment and may only be use