A change in unit depletion rate would be accounted for as a
A) correction of an accounting error.
B) change in accounting principle.
C) change in accounting estimate.
D) change in accounting estimate effected through a change in accounting principle.

Question

Quizplus · Accepted Answer

A change in unit depletion rate is considered a change in accounting estimate, as it reflects a revision of the expected future benefits from the asset.

A Change in Unit Depletion Rate Would Be Accounted for as a