If a company changes the useful life of its assets from 10 years to 12 years, this will be recorded as:
A. a non-recurring gain.
B. an extraordinary item.
C. a change in accounting principle.
D. None of the above
Answer: D
If a company changes the useful life of its assets from 10 years to 12 years, this will be recorded as:
A. a non-recurring gain.
B. an extraordinary item.
C. a change in accounting principle.
D. None of the above
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