Canvas -X COD Listed below is a series of changes. In the space provided, identify the type of change and the appropriate accounting treatment. Use the following code to indicate your answers; be sure to use the exact code as the : ES - change in estimate P - in the current period and prospectively P - change in accounting principle R - in the current period and retrospectively E - change in reporting entity EC - error correction Change from the average cost method to the LIFO method of inventory valuation Type of Change Accounting Treatment Change from a 20-year to a 25-year depreciable life for machinery Type of Change Accounting Treatment Change from an accelerated method to the straight-line method of depreciation for buildings Type of Change Accounting Treatment Change to successful efforts method of accounting for oil and gas reserves Type of Change Accounting Treatment Change from LIFO method to the FIFO method of inventory valuation Type of Change anvas X COD Change from LIFO method to the FIFO method of inventory valuation Type of Change Accounting Treatment Change in the group of subsidiaries consolidated for reporting purposes Type of Change Accounting Treatment Change from the percentage of completion to the completed-contract method of accounting for construction contracts Type of Change Accounting Treatment Change in the percentage of sales estimated to accrue future warranty costs Type of Change Accounting Treatment Change in the capitalized cost of equipment due to discovery of a mistake in accounting for the installation costs Type of Change Accounting Treatment Change in the expected salvage value of equipment due to technological developments since their acquisition Type of Change Accounting Treatment