A Change in the Salvage Value of a Depreciable Asset

question 74

Multiple Choice

A change in the salvage value of a depreciable asset should be accounted for as a:

• A)Change in accounting entity.
• B)Change in accounting principle.
• C)Change in accounting estimate.
• D)Correction of an accounting error.

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Definitions:

Physiological Sensation

A physical feeling or perception resulting from something that happens to or comes into contact with the body.

Emergency Department

A specialized section of a hospital dealing with acute illnesses, injuries, or emergencies requiring immediate medical attention.

Central Nervous System Depression

A decrease in the functioning of the brain and spinal cord, which can affect consciousness and respiratory rate, often caused by medications or toxins.

Morphine

A powerful opioid analgesic drug derived from the opium poppy, used primarily for pain relief in medical settings.