A Change in the Estimated Useful Life of Equipment Requires

question 142

Multiple Choice

A change in the estimated useful life of equipment requires

• A) a retroactive change in the amount of periodic depreciation recognized in previous years.
• B) that no change be made in the periodic depreciation so that depreciation amounts are comparable over the life of the asset.
• C) that the amount of periodic depreciation be changed in the current year and in future years.
• D) that income for the current year be increased.

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Definitions:

Coercive Power

The ability to compel or influence someone's behavior through the threat of punishment or negative consequences.

Controlling Information

The management or regulation of access to information to influence outcomes, behaviors, or perceptions.

Lightwave Transmission

The use of light waves (optical signals) to transmit information over distances, commonly employed in fiber-optic communication networks.

Photonics Engineer

A professional who applies the science of light (photonics) to develop and improve technologies in areas such as telecommunications, medicine, and manufacturing.