Which One of the Following Is a Change in Estimate

question 44

Multiple Choice

Which one of the following is a change in estimate effected by a change in an accounting principle?

• A) change in salvage value of an asset
• B) change in estimated life of an asset
• C) change from declining-balance to straight-line depreciation
• D) changes in pension plan asset revenues

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Definitions:

Moral Reasoning

The process of determining the right or ethical way to act through the evaluation of complex moral issues and values.

Moral Content

The ethical significance or implications contained within an action, decision, or piece of content.

Metaethics

A branch of ethics that examines the nature, foundations, and meanings of ethical principles, rather than discussing what actions are right or wrong.

Applied Ethics

A branch of ethics that deals with the practical application of moral considerations to real-world situations and issues.