Change in depreciation, When a company decides to switch

Change in depreciation

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Reference no: EM1349426

Change in depreciation

When a company decides to switch from the double-declining balance method to the straight-line method and also changes estimated useful lives as well as estimated salvage values, this change should be handled as a

a. change in accounting principle.
b. change in accounting estimate.
c. prior period adjustment.
d. correction of an error.

Reference no: EM1349426

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