On the Income Statement, the Result of Changing from Double-Declining-Balance

question 66

Multiple Choice

On the income statement, the result of changing from double-declining-balance to straight-line depreciation is found in

• A) operating revenues and expenses.
• B) other revenues or expenses.
• C) extraordinary gains or losses.
• D) cumulative effects.

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Definitions:

Obsessive-compulsive Disorder

A psychiatric disorder characterized by unwanted recurring thoughts (obsessions) and repetitive behaviors (compulsions).

Obsessive Thoughts

Persistent, unwanted thoughts that are intrusive and cause significant anxiety or distress.

Compulsive Behaviors

Repetitive actions driven by an irresistible urge, often performed as a way to reduce anxiety or distress.

Generalized Anxiety Disorder

A mental health condition characterized by persistent and excessive worry about various aspects of daily life, beyond what might be considered proportionate to the actual risk.