Question
Which of the following would be a change in an accounting policy and must be applied retrospectively? a. Change in the depreciation method of a
Which of the following would be a change in an accounting policy and must be applied retrospectively?
a. Change in the depreciation method of a non-current asset.
b. Change in the useful life of a non-current asset.
c. Transfer from FIFO to AVCO in accounting for inventories.
d. Switching from the cost model to the fair value model in reporting a class of non-current assets
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Accounting An Essential Guide To Learning Accounting Quickly
Authors: Greg Shields
1st Edition
1978341873, 978-1978341876
