Enos Company Has Decided to Change the Estimate of the Useful

question 210

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 taxing authority.
• 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.

Differentiate between the stability and change within political organizations and the factors contributing to these.

Appreciate the role of sanctions, laws, and informal means of controlling and maintaining social order.

Understand the concept of legitimacy in leadership and governance across different political systems.

Analyze the transition processes from one form of political organization to another and the influence of external pressures on these transitions.