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    Intermediate Accounting Study Set 2
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    Exam 20: Accounting Changes and Error Corrections
  5. Question
    A Change in the Residual Value of Equipment Is Accounted
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A Change in the Residual Value of Equipment Is Accounted

Question 122

Question 122

Multiple Choice

A change in the residual value of equipment is accounted for:


A) As a prior period adjustment.
B) Prospectively.
C) Retrospectively.
D) None of these answer choices are correct.

Correct Answer:

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