Question
A company that switches from straight-line depreciation to double-declining-balance depreciation during an accounting period must report this change on the financial statements as: income from
A company that switches from straight-line depreciation to double-declining-balance depreciation during an accounting period must report this change on the financial statements as:
income from continuing operations.
a prior-period adjustment.
a cumulative effect of a change in accounting principle.
a change in accounting estimate
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Lease Audits The Essential Guide
Authors: Theodore H Hellmuth
1st Edition
0934055041, 978-0934055048
