1.A change in depreciation method is accounted for ________

a.retrospectively

b.prospectively

c. only if straight-line depreciation is considered

2.Correction ofaccounting errors are reported __________

a.Retrospectively

b.prospectively

c.only if fraud is involved

3.Using the_____3A___, we revise prior years' statements to reflect the impact of the change.The_____3B____allows the change to be implemented in the current period only.

a.prospective approach

b.change approach

c.retrospective approach