Which of the Following Is a Change in an Accounting

question 68

Multiple Choice

Which of the following is a change in an accounting estimate?

I. A change from straight-line depreciation to declining balance method
II. A change in estimated salvage value of depreciable asset
III. A change in estimated useful life of an asset
IV. Recording depreciation for the first time on machinery purchased five years ago

• A)I, II, III, and IV
• B)II, III, and IV
• C)I, III, and IV
• D)II and III