If a company were to switch from straight-line method to sum-of-the-years-digits method, would they report...
50.1K
Verified Solution
Link Copied!
Question
Accounting
If a company were to switch from straight-line method to sum-of-the-years-digits method, would they report this change in their financial statements as a change in accounting principal, a change in estimate, or an error correction? Please explain :)
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!