Answered: A change in depreciation method is…

A change in depreciation method is a______. Select one: a. change in accounting standard b. change in accounting estimate c. change in accounting method d. change in accounting policy

Contemporary Auditing

11th Edition

ISBN:9781337650380

Author:KNAPP

Publisher:KNAPP

Chapter2: Audits Of High-risk Accounts

Section2.2: Golden Bear Golf, Inc.

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Question

A change in depreciation method is a______.

Select one:

a. change in accounting standard

b. change in accounting estimate

c. change in accounting method

d. change in accounting policy

Definition Video Definition Accounting method wherein the cost of a tangible asset is spread over the asset's useful life. Depreciation usually denotes how much of the asset's value has been used up and is usually considered an operating expense. Depreciation occurs through normal wear and tear, obsolescence, accidents, etc. Video

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