Exercise 12-148 Distinguish between conservative and aggressive accounting practices (L012-6) A company is considering the following accounting changes: Required: Classify each accounting change as either conservative or aggressive. a. Increase the allowance for uncollectible accounts. b. When costs are going up, change from LIFO to FIFO. c. Change from the straight-line method of depreciation to declining balance in the second year of equipment with a 10-year life. d. Record a smaller expense for warranties. Aggressive Conservative