Which of the following is an example of achange in accounting principle? 1) A ch

Question

Which of the following is an example of achange in accounting principle? 1) A change indepreciation methods. 2) A change in theestimated useful life of a depreciable asset. 3) A change in theactuarial life expectancies of employees under a pensionplan. 4) Consolidating a newsubsidiary. Which of the following is an example of achange in accounting principle? Which of the following is an example of achange in accounting principle? A change indepreciation methods. A change in theestimated useful life of a depreciable asset. A change in theactuarial life expectancies of employees under a pensionplan. Consolidating a newsubsidiary. 1) A change indepreciation methods. 2) A change in theestimated useful life of a depreciable asset. 3) A change in theactuarial life expectancies of employees under a pensionplan. 4) Consolidating a newsubsidiary.

Explanation / Answer

Change in accounting principle is converting from oneprinciple to another. Hence, in this case Change in accountingprinciple would be:

1) A change in depreciation methods.

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