When a company decides to switch from the double-declining, Ask an Expert

Management Studies

Change in depreciation

When a company decides to switch from the double-declining balance method to the straight-line method and also changes estimated useful lives as well as estimated salvage values, this change should be handled as a

a. change in accounting principle.
b. change in accounting estimate.
c. prior period adjustment.
d. correction of an error.

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Business Management, Management Studies

Category:- Business Management
Reference No.:- M9224789

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