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Liberty Limited reports its financial results in accordance with IFRS. Liberty previously depreciated its building using a declining-balance method then switched to the straight-line method
Liberty Limited reports its financial results in accordance with IFRS. Liberty previously depreciated its building using a declining-balance method then switched to the straight-line method as it now believed that this would be a more appropriate method. Assuming that all amounts are material, what type of accounting change is this? a. Change in accounting estimate Ob. Correction of an error from prior period Oc. Change in accounting policy
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