Which one of the following is a change in estimate effected by a change in an accounting principle?
A) change in salvage value of an asset
B) change in estimated life of an asset
C) change from declining-balance to straight-line depreciation
D) changes in pension plan asset revenues

Question

Quizplus · Accepted Answer

A change from declining-balance to straight-line depreciation involves both a change in accounting principle and a change in estimate, as it affects the method of calculating depreciation and the future allocation of asset costs.

Which One of the Following Is a Change in Estimate