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A company changes the depreciation for a piece of equipment from 20% declining- balance to units-of-production. Describe a plausible circumstance that would support this change as one of the following: (i)an error, (ii)a change in estimate, or (iii)a change in accounting policy.
Negotiate
The process of discussing something with one or more people in order to reach an agreement or compromise.
Assignment
The act of transferring rights or duties under a contract to another party.
Equity Bank
A financial institution that offers banking services with a focus on equity financing, or alternatively, a bank that has equity in other companies.
Payee's Bank
The bank where the recipient of a check or electronic payment has an account, responsible for processing and clearing the payment.
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