Which one of these changes would be classified as ‘a change in accounting policy’ as determined by HKAS 8 ‘Accounting Policies, Changes in Accounting Estimates and Errors’? A Increased the allowance for irrecoverable receivables from 5% to 10% of outstanding debts B Changed the method of valuing inventory from FIFO to average cost C Changed the depreciation of plant and equipment from straight-line depreciation to reducing balance depreciation D Changed the useful economic life of its motor vehicles from six years to four years

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