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Accounting

At the time Fisher Corporation became a subsidiary of Ashbury Corporation, Fisher switched depreciation of its plant assets from the straight-line method to the sum-of-the-years'-digits method used by Ashbury. With respect to Fisher, this change was a:

a. change in an accounting estimate.

b. correction of an error.

c. change in accounting principle.

d. change in the reporting entity.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9408409

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