If a company fails to record a material amount of depreciation in a previous year, this is considered:
A. a change in accounting principle.
B. an unusual item.
C. an accounting error.
D. a change in estimate.
Answer: C
If a company fails to record a material amount of depreciation in a previous year, this is considered:
A. a change in accounting principle.
B. an unusual item.
C. an accounting error.
D. a change in estimate.
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