Flamingo Enterprises has a patent that Flamingo would like to expense over the patent's useful life. Which of the following accounts would Flamingo credit to record this expense over the patent's life? (Points : 2) Accumulated depreciation. Accumulated depletion. Accumulated amortization or the patent. Amortization expense. Question 2.2. Which of the following statements regarding making changes in accounting principles is least accurate? (Points : 2) Changes in accounting estimates are now treated the same as changes in accounting principles. The general rule is retrospective application. A change in accounting principle is a change from one generally accepted accounting principle to another generally accepted principle. The firm making the change must justify the change. The reported prior year statements should be restated to reflect the new accounting principle.