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Which of the following is a change in accounting principle? a. a change in the estimated service life of machinery b. a change from FIFO to LIFO c. a change from straight-line to double-declining-balance d. a change from FIFO to LIFO and a change from straight-line to double-declining-balance

Which of the following is a change in accounting principle? a. a change in the estimated service life of machinery b. a change from FIFO to LIFO c. a change from straight-line to double-declining-balance d. a change from FIFO to LIFO and a change from straight-line to double-declining-balance

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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. 9. Which of the following is a change in accounting principle? a. a change in the estimated service life of machinery b. a change from FIFO to LIFO c. a change from straight-line to double-declining-balance d. a change from FIFO to LIFO and a change from straight-line to double-declining-balance
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