A Change in Depreciation Method Is a Change in Estimate

question 42

True/False

A change in depreciation method is a change in estimate effected by a change in accounting principle, and is accounted for prospectively.

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Definitions:

Application Message

A form of digital communication within or between software applications, typically used for data exchange.

First-Person Pronouns

Pronouns such as "I," "we," "me," "us," "my," and "our," which are used to refer to the speaker or speakers themselves.

Writer-Focused Statements

Statements in which the author's perspective, opinions, or personal experiences are the primary focus, potentially at the expense of the audience's engagement.

Professional Portfolio

A collection of work and achievements demonstrating a person's skills, accomplishments, and professional experience.