A Change from the Sum-Of-The-Years'-Digits Depreciation Method to the Straight-Line

question 146

Multiple Choice

A change from the sum-of-the-years'-digits depreciation method to the straight-line depreciation method should be accounted for as a(n) :

• A) Change in accounting policy.
• B) Prospective change.
• C) Change in accounting estimate.
• D) Accounting error.

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Definitions:

Fahrenheit

A temperature scale on which water freezes at 32 degrees and boils at 212 degrees under standard conditions.

Freezing

The process of turning a liquid into a solid by lowering its temperature below its freezing point.

Fahrenheit

A temperature scale in which water freezes at 32 degrees and boils at 212 degrees under standard atmospheric pressure, commonly used in the United States.

Active Lifestyle

A way of life that integrates physical activity into daily routines, aiming to improve health and wellbeing.