Mandeep Ltd

question 96

Multiple Choice

Mandeep Ltd.has decided to change the estimate of the useful life of an asset that has been in service for two 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 Canada Revenue Agency.
• B)Both the current and future years will be affected by the revision.
• C)Retroactive changes must be made to correct previously recorded depreciation.
• D)Only future years will be affected by the revision.

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Definitions:

Data Security

Data Security involves protecting digital data, such as those in a computer system or network, from unauthorized access, corruption, or theft.

Security Features

Measures and technologies implemented to protect information, assets, and individuals from threats and breaches.

Row-Level Security

A data protection technique that controls access to rows in a database table based on the characteristics of the user accessing the data.

Field-Level Security

Field-Level Security is a feature in database and software systems that controls access to specific fields, or columns, based on user roles to protect sensitive information.