Top Posters
Since Sunday
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
squereq squereq
wrote...
Go to Answer
Posts: 194
Rep: 56 0
5 years ago
XYZ decided to change its depreciation policy by (1) discontinuing to record depreciation on
land, and (2) changing the estimated useful life on all autos used in the business from five years
to four years. Choose the correct statement concerning these two changes:
A) Both are changes in accounting principle.
B) Both are changes in estimate.
C) Both are error corrections.
D) One is an error correction, and one is a change in principle.
E) One is an error correction, and one is a change in estimate.
Textbook 
Intermediate Accounting, Volume 2

Intermediate Accounting, Volume 2


Edition: 5th
Authors:
Read 66 times
2 Replies
Replies
Answer verified by a subject expert
wwashington2wwashington2
wrote...
#1
Posts: 347
Rep: 18 0
5 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

squereq Author
wrote...
#2
5 years ago
Makes more sense now, have a good weekend!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1259 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 365
  
 227
  
 212
Your Opinion
What's your favorite math subject?
Votes: 293
Previous poll results: Which 'study break' activity do you find most distracting?