For a Company Using the Straight-Line Method of Depreciation That

question 31

Multiple Choice

For a company using the straight-line method of depreciation that changes the estimated useful life from 20 years to 15 years as at the beginning of the year, the accountant should do (or not do) the following:

• A)Compute current year depreciation as (carrying amount - residual value)divided by 20 years.
• B)Do not adjust prior year's depreciation.
• C)Adjust the amount of accumulated depreciation as at the beginning of the year.
• D)Compute current year depreciation as (carrying amount)× 15/20.

Explain the concept of homeostasis and its importance in physiological motivation.

Identify and understand different theories of motivation and their implications.

Recognize the various physiological needs that motivate human behavior.

Distinguish between innate and learned behaviors in humans and animals.

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Definitions:

Personal Finance Software

Applications designed to help individuals manage their finances, including budgeting, expense tracking, and investment analysis.

Virtual Environment

A simulated digital space that provides an immersive user experience, often used in software development and testing, gaming, and virtual reality applications.

Database

A structured set of data held in a computer, especially one that is accessible in various ways.

Slide Show Software

A program designed to create and present a sequence of visuals, such as images and text, for educational or entertainment purposes.