If for a Class a Non-Current Asset an Entity Changes

Multiple Choice

If for a class a non-current asset an entity changes from using the sum-of-the-years-digits method to the straight-line method to allocate the depreciable amount, then:

A) the change is applied retrospectively because it is a change in accounting policy
B) the change is applied retrospectively because it must be a correction of a prior period error
C) it is applied prospectively as it is a change in an accounting estimate
D) is not permitted because it will conflict with the method applied in calculating the comparative amounts