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Jones Company has used an unrealistic 25-year life for depreciating its trucks. The company changes the depreciable life to a realistic 8-year period. What is

Jones Company has used an unrealistic 25-year life for depreciating its trucks. The company changes the depreciable life to a realistic 8-year period.

What is the type of accounting change

Does the company restate prior year financial statements? on intermediate Accounting

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