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

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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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