If a Company Fails to Record a Material Amount of Depreciation

question 63

Multiple Choice

If a company fails to record a material amount of depreciation in a previous year, this is considered:

• A)a change in accounting principle.
• B)an unusual item.
• C)an accounting error.
• D)a change in estimate.

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Definitions:

Process of Therapy

The broad sequence of steps or stages through which therapy occurs, from assessment and diagnosis to intervention and evaluation.

Climate

The average weather conditions of a particular area over a long period, including temperature, precipitation, humidity, and wind patterns.

Therapeutic Efficacy

Therapeutic efficacy refers to the ability of a treatment or drug to provide a beneficial effect (medical improvement or cure) on the disease or condition being treated.

Therapeutic Efficacy

The ability of a treatment to produce a beneficial result under ideal conditions.