Hi guys i have to analyse a company's financial report and am a bit confused. The report says that PPE is depreciated using straight line or accelerated depreciation method, but when i look at the report Depreciation of PPE increased ~$50m from 2020 to 2021 despite the notes saying that no material changes were recognised during those years.
From my knowledge, using straight line the depreciation for PPE would remain the same for all years and using accelerated depreciation the depreciation for PPE would decrease over the years (as most depn is put in the early years to it gets smaller each year)
So why has their depreciation of PPE gone up?
From my knowledge, using straight line the depreciation for PPE would remain the same for all years and using accelerated depreciation the depreciation for PPE would decrease over the years (as most depn is put in the early years to it gets smaller each year)
So why has their depreciation of PPE gone up?