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

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Quizplus · Accepted Answer

A change from one depreciation method to another is considered a change in accounting policy, which requires retrospective application. It is not a change in estimate, as it does not involve a revision of the useful life or residual value of the asset. It is also not an accounting error, as it does not represent a mistake in the application of accounting principles.

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