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when a company changes from the straight line method of depreciation for previously 603378

When a company changes from the straight-line method of depreciation for previously recorded assets to the double-declining balance method, which of the following should be used according to SFAS 154?

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Cumulative effects of change in accounting principle

Retrospective application

a.

No

No

b.

No

Yes

c.

Yes

Yes

d.

Yes

No

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