A Publicly Accountable Enterprise Changes from Straight-Line Depreciation to Double

question 7

Multiple Choice

A publicly accountable enterprise changes from straight-line depreciation to double declining balance. Management feels that this will result in equally reliable and more relevant information; thus it will be treated as a change in accounting policy. The entry to record this change should include a

• A) debit to Accumulated Depreciation.
• B) credit to Other Comprehensive Income.
• C) credit to Deferred Tax Asset.
• D) debit to Deferred Tax Liability.

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Definitions:

Aggressive Behaviour

Actions meant to cause harm or force control over others, which can be physical or verbal in nature.

Physiological Measures

Refer to techniques or methodologies used to assess the body's various functions and parameters, such as heart rate, blood pressure, and respiratory rate.

Canadians

Citizens of Canada, a country located in North America.

Aspirin

A medication used to reduce pain, fever, and inflammation, and in low doses, to prevent blood clots.