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.

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Definitions:

Visual Recognition Memory

The ability to recognize previously encountered visual stimuli.

Perceptual Constancies

Perceptual constancies refer to the brain's ability to perceive objects as unchanged despite shifts in sensory input, such as changes in lighting, angle, or distance.

Scaffolding

An educational method that provides support and guidance to learners by building on their existing knowledge and skills to reach higher levels of understanding.

Sensorimotor Tests

Assessments designed to evaluate an individual's sensory (senses) and motor (movement) abilities, often used in developmental psychology.