Changes in the Estimates for Residual Value or Useful Life

question 51

Multiple Choice

Changes in the estimates for residual value or useful life result in changes in the depreciation expense calculation.These changes are handled

• A)retroactively.
• B)as cumulative changes.
• C)prospectively.
• D)as prior period adjustments.

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Definitions:

Operant Conditioning

A technique of teaching that involves the use of positive reinforcement and disciplinary actions for conduct.

Response Generalization

The process whereby a behavior, once learned in response to a specific stimulus, is performed in the presence of other, similar stimuli.

Primary Reinforcer

A stimulus that satisfies a basic biological need, such as food, water, or sleep, and is innately rewarding.

Observational Learning

is a form of learning that occurs through watching the behaviors of others and the consequences of those behaviors, also known as modeling or social learning.