Question
Which of the following accounting changes should not be accounted for prospectively? a.The correction of an error. b.A change from declining balance to straight-line depreciation.
Which of the following accounting changes should not be accounted for prospectively?
a.The correction of an error.
b.A change from declining balance to straight-line depreciation.
c.A change from straight-line to declining balance depreciation.
d.A change in the expected salvage value of a depreciable asset.
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Intermediate accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
7th edition
978-0077614041, 9780077446475, 77614046, 007744647X, 77647092, 978-0077647094
