A change from the straight-line method of depreciation to an accelerated method should be accounted for as a(n)
A) change in an accounting estimate.
B) change in an accounting principle.
C) prior period adjustment.
D) accounting error.

Question

Quizplus · Accepted Answer

A change from the straight-line method of depreciation to an accelerated method is considered a change in an accounting estimate. This is because the pattern of economic use of the asset is being re-evaluated, not the underlying accounting principle itself.

A Change from the Straight-Line Method of Depreciation to an Accelerated