Which one of the following is a change in estimate effected by a change in an accounting principle?
A) salvage value of an asset
B) estimated life of an asset
C) change from declining-balance to straight-line depreciation
D) changes in pension plan asset revenues
Correct Answer:
Verified
Q39: When a firm decides to change an
Q40: For each of the following situations,determine the
Q41: Changes in amortization,depletion,and depreciation effected by a
Q42: Journal entry on January 1,2016 to effect
Q43: Changes in accounting principles may be handled
Q45: Prior years financial statement are affected by
Q46: Prepare the journal entry on January 1,2016
Q47: Machino,Inc.began operations on January 1,2014.During 2016,management decided
Q48: Judgments are important in determining which type
Q49:
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents