1. What type of accounting change is a change from the double-declining-balance method of depreciation to the straigh method for previously recorded assets as a result of new information related to production patterns? How will this change be accounted for in the financial statements (retrospective, modified retrospective, or prospective)?

2. What type of accounting change is a change in the expected service life of an asset arising because of more experience with the asset? How will this change be accounted for in the financial statements (retrospective, modified retrospective, or prospective)? Use the following information for the Exercises below. Required 1 Required 2 What type of accounting change is a change from the double-declining-balance method of depreciation to the straight-line method for previously recorded assets as a result of new information related to production patterns? How will this change be accounted for in the financial statements (retrospective, modified retrospective, or prospective)? Type of accounting change Method of adoption Change in accounting principle Prospective approach

1. What type of occounting change is a change from the double declining bolance thethod of depreciation to the stringnt method for previously recorded ossets as a result of new information related to producton pattems? How will this change be occounted for in the financial statements (retrospective, modfied retrospective, or prospective)? 2. What type of accounting change is o change in the expected service life of an asset arising becouse of more experfence with the ossel? How will this change be occounted for in the financial statements (retrospective, modifed revospective, or prospective)? Use the following informintion for the Exercises below. iscounted for in the finandal statements (retrospective, modified retrospeative, of prospective)? Use the following information for the Exercises below. What type of accounting change is a change in the expected service life of an asset arising because of more experience with the asset? How will this change be accounted for in the financial statements (retrospective, modified retrospective, or prospective)