A change in an amortization rate,such as on a copyright,should be accounted for:

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A change in amortization rate should be accounted for prospectively. This means that the new rate should be applied to future periods only, without adjusting the prior periods. This approach is consistent with the accounting principle of prudence, which requires that losses or costs should be recognized as soon as they are probable and measurable, but gains should be recognized only when they are realized. Retrospective application would require restating the prior periods, which could be confusing and impractical. Recording an amount in retained earnings only or currently would not reflect the change in the fair value or useful life of the asset, and could distort the financial statements.

A Change in an Amortization Rate,such as on a Copyright,should