A change in the salvage value of a depreciable asset should be accounted for as a Multiple Choice Change in accounting principle. Change in accounting entity Correction of an accounting error. Change in accounting estimate Under IFRS, net interest (finance) expense (revenue) with respect to defined benefit plans is best described as follows: Multiple Choice The net interest (finance) expense revenue) with respect to defined benefit plans is the difference between the opening fair values of the plan ossets and projected benefit obligation. If the value of the projected benefit obligation exceeds the fair value of the plan assets on that date, there will be an increase to pension expense or finance interest) expense. If the reverse is true, will be a decrease to pension expense or an increase to finance interest) revenue. The actual return on plan ossets must be reflected as a reduction of pension expense or as finance revenue A discount rate is applied to the opening projected benefit obligation amount to moute an interest finance charge. This amount must be reflected as an increase to pension expense