Which of the following changes would not be accounted for using the prospective approach?
A. A change from application of the LCNRV rule from individual item costing to an aggregate costing approach.
B. A change from straight-line to double-declining balance depreciation.
C. A change to LIFO from average costing for inventories.
D. A change from double-declining balance to straight-line depreciation.

People often uses prospective approach in analysis. The changes that would not be accounted for using the prospective approach is that;

The LCNRV rule is often used to inventory item, inventory class, or total inventory, and they can have different output.

A prospective study or approach is known to be a type of cohort study or group study where the participants are enlisted into the study before they create the disease or outcome in question.

Lear more about prospective approach from

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Option A

Explanation:

Prospective approach is used for bring changes into accounts. In the LCNRV rule the accounting principle of lesser value of the stock is so that the amount sold can be mentioned as the net realizable value (NRV). Here the principle of using low cost of net realizable value is known as LCNRV. This cannot be changed using prospective approach.

Other changes such as the depreciation from straight line to double declining depreciation, LIFO from average costing for inventories and other change from double declining to straight line depreciation can be done with the prospective approach.

answer///a coalition;