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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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