Cleat Corp. changed its policy for accounting for certain staff training costs in 20X5. Previously, the costs were capitalized and amortized straight-line over three years, starting with the year of the expenditure. The new policy is to expense training costs as incurred. A total of $45,000 was spent in 20X3, $0 in 20X4, and $60,000 in 20X5. The 20X5 expense has not yet been recorded, but the $60,000 was capitalized to the intangible asset when the money was spent. The tax rate is 30%.

Required:
1. Is this a change in policy or an error correction? Explain.
2. Calculate the original and revised expense for 20X3–20X5, inclusive.
3. Provide the 20X5 entries to record 20X5 expense and to record the change.