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Which of the following would be accounted for as a change in accounting principle? a. Adopting a new accounting standard b. Changing the useful life
Which of the following would be accounted for as a change in accounting principle?
a. | Adopting a new accounting standard | |
b. | Changing the useful life of a piece of equipment from 8 years to 20 years | |
c. | First-time presentation of consolidated financial statements | |
d. | Changing an estimate for the allowance for doubtful accounts |
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