Complete the Following Table by Selecting the Appropriate Type of Change

Essay

Complete the following table by selecting the appropriate type of change and the accounting method appropriate for each event.
$$\begin{array} { | l | l | l | } \hline { \text { Event } } & \text { Type of Change } & \text { Accounting Method } \\\hline \text { Change from LIFO to FIFO. } & & \\\hline \text { Change in the warranty expense } & & \\\text { provision. } & & \\\hline \begin{array} { l } \text { Change from completed- } \\\text { contract to percentage-of- } \\\text { completion method. }\end{array} & & \\\hline \begin{array} { l } \text { Purchase of a new subsidiary } \\\text { with } 60 \% \text { ownership that is five } \\\text { years old. }\end{array} & & \\\hline \text { Change from reporting } & & \\\text { inventory from the aggregate } & & \\\text { method to the individual item } & & \\\text { method. } & & \\\hline \text { Change in the life and salvage } & & \\\text { value of a depreciable asset. } & & \\\hline \text { Change from straight-line to } & & \\\text { declining balance depreciation. } & & \\\hline\end{array}$$