Unformatted text preview: Change from sum-of-the-years' digits depreciation to straight-line. 4 7. Change in principle reported prospectively Change from expensing extraordinary repairs erroneously recorded as an expense to capitalizing the expenditures. 2 8. Change in reporting entity Change in the percentage used to determine bad debts. 1 9. Change in principle reported prospectively Change from prior reporting for postretirement benefits to that mandated by an Accounting Standards Update. 4 10. Change in estimate Change in the residual value of machinery. 1 AACSB: Reflective thinking Bloom's: Comprehension...
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- Spring '10
- Accounting, Expense, AACSB, FIFO and LIFO accounting, Cash balance plan