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Changes in amortization, depreciation, or depletion methods will no longer treated as a change in accounting principal, but instead will be treated as a change in accounting estimate, which affected by a change in accounting principle.
The question whether a company should adopt new rule relies on the factor of cost-benefit trade-off of future principle changes.
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2007-04-15 12:19:25 · 4 answers · asked by BBMak 2 in Education & Reference ➔ Homework Help
Changes in amortization, depreciation, or depletion methods will no longer be treated as a change in accounting principal. But instead, will be treated as a change in accounting estimate, which is affected by a change in accounting principle.
The question whether a company should adopt a new rule relies on the factor of cost-benefit trade-off of future principle changes.
2007-04-15 12:36:22 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Changes in amortization, depreciation, or depletion methods will no longer be treated as a change in accounting principal, but instead will be treated as a change in accounting estimate, which is affected by a change in accounting principle.
The question of whether or not a company should adopt new rules relies on the factor of cost-benefit trade-off of future principle changes.
2007-04-15 19:25:36 · answer #2 · answered by sopapilla1985 3 · 0⤊ 0⤋
Changes in amortization, depreciation,or depletion methods will no longer be treated as a change in accounting principal . Instead, they will be treated as a change in accounting estimate,which is affected by a change in accounting principle.
The question whether a company should adopt a new rule relies on the factor of cost benefit trade offs of future principle changes.
2007-04-15 19:33:16 · answer #3 · answered by Dave aka Spider Monkey 7 · 0⤊ 0⤋
First sentence is a run on.
For the second one, insert "of" after question.
2007-04-15 19:24:31 · answer #4 · answered by Melanda 2 · 0⤊ 0⤋