Define a change in estimate and provide an example. When is a change in accounting principle responsible for a change in accounting estimate?

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter3: Analyzing And Recording Transactions
Section: Chapter Questions
Problem 6PA: Indicate what impact ( for increase; for decrease) the following transactions would have on the...
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Define a change in estimate and provide an example. When is a change in accounting principle responsible for a change in accounting estimate?

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