Which of the following accounting changes should not be accounted for prospectively?

a. A change in the expected salvage value of a depreciable asset. 

b. A change in estimate. 

c. A change from declining balance to straight-line depreciation. 

d. A change from straight-line to declining balance depreciation. 

e. A switch from LIFO inventory method to FIFO inventory method.

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Answer Explaination Prospective Account means any entity other than a t... View the full answer