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Which of the following changes should be accounted for using the retrospective approach? a. A change in the estimated life of a depreciable asset b.
Which of the following changes should be accounted for using the retrospective approach?
a. A change in the estimated life of a depreciable asset
b. A change in the estimated life of a depreciable asset
c. A change to the LIFO method of costing inventories.
d. A change in accounting for long-term construction contracts by recognizing revenue over time rather than when the contract is completed.
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