1. Several items related to accounting changes appear below. (10 points) Item a. Reduction in remaining estimated service life of truck. b. Expensed a truck when purchased. c. Write-down of inventory due to obsolescence. d. Receipt of damages won in court suit begun three years ago. e. A company is preparing to become a corporation and sell stock to the public. At this time, it changed from accelerated to straight-line depreciation. f. Change from FIFO inventory to LIFO; recalculations are practicable. g. Increase in bad debt estimate from 2% to 3% of sales. h. Change from LIFO to FIFO. i. Change from individual statements to consolidated statements. Change from percentage-of-sales to percentage-of-receivables method of bad debt estimation. Retrospective Current Adjustment and Prospective XI