Enos Company Has Decided to Change the Estimate of the Useful

question 228

Multiple Choice

Enos Company has decided to change the estimate of the useful life of an asset that has been in service for 2 years. Which of the following statements describes the proper way to revise a useful life estimate?

• A) Revisions in useful life are permitted if approved by the IRS.
• B) Retroactive changes must be made to correct previously recorded depreciation.
• C) Only future years will be affected by the revision.
• D) Both current and future years will be affected by the revision.

Understand the environmental factors influencing biome distribution and ecosystem dynamics.

Identify distinct biomes based on specific environmental and climatic conditions.

Understand the geographical distribution of various biomes globally.

Recognize the characteristic flora and fauna associated with different biomes.