Which of the Following Is a Change in an Accounting

Multiple Choice

Which of the following is a change in an accounting estimate?

I. A change from straight-line depreciation to declining balance method
II. A change in estimated salvage value of depreciable asset
III. A change in estimated useful life of an asset
IV. Recording depreciation for the first time on machinery purchased five years ago

A) I, II, III, and IV
B) II, III, and IV
C) I, III, and IV
D) II and III