As per Accounting Standard 6 issued by ICAI on depreciation, under which circumstances the method of depreciation may be changed?
(i) When the adoption of new method is required by the statute.
(ii) When it is required for compliance with an accounting standard.
(iii) When it is considered that the change would result in a more appropriate preparation or presentation of financial statements.
1
(i), (iii)
2
(ii), (iii)
3
(i), (ii), (iii)
4
(i), (ii)