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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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