Which of the following would not be considered a change in accounting principle?
A) Changing the estimated percentage used in calculating bad debt expense
B) Changing the inventory costing method used from FIFO to LIFO
C) Changing from straight-line depreciation to double-declining balance depreciation
D) Changing from the cost method of accounting for investments to the equity method

Question

Quizplus · Accepted Answer

Changing the estimated percentage used in calculating bad debt expense is considered a change in accounting estimate, not a change in accounting principle.

Which of the Following Would Not Be Considered a Change