Which of the Following Changes Should Be Accounted for Using

question 95

Multiple Choice

Which of the following changes should be accounted for using the retrospective approach?

• A) A change in the estimated useful life of a depreciable asset.
• B) A change from straight-line to declining balance depreciation.
• C) A change in accounting for long-term construction contracts by recognizing revenue over time rather than when the contract is completed.
• D) A change to LIFO method of costing inventories.

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