Which of the Following Is Not Correct Regarding the Provisions

Multiple Choice

Which of the following is not correct regarding the provisions of IAS No.8 on accounting changes and error corrections?

A) A change in accounting estimate is reflected in the current and future periods.
B) A change in depreciation method (such as from an accelerated method to the straight-line method) is classified as a change in estimate.
C) A change in depreciation method (such as from accelerated method to the straight-line method) is classified as a change in accounting principle.
D) IAS No.8 generally reflects a preference for restating prior results to improve comparability of financial statements.