When a Company Decides to Switch from the Double-Declining Balance

question 35

Multiple Choice

When a company decides to switch from the double-declining balance method to the straight-line method, this change should be handled as a

• A)change in accounting policy.
• B)change in accounting estimate.
• C)prior period adjustment.
• D)correction of an error.

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Definitions:

Tactics

Strategies or maneuvers used in negotiations, conflicts, or competitions to gain an advantage or achieve specific objectives.

Relationship outcomes

the possible results or endings of interactions between two or more parties.

Accommodation

A strategy in conflict resolution where one party yields to the wishes or demands of another to maintain harmony and avoid conflict.

Procedural issues

Concerns or matters regarding the methods, processes, or steps followed in carrying out actions or resolving conflicts.