A Change in the Estimated Useful Life of Equipment Requires

question 124

Multiple Choice

A change in the estimated useful life of equipment requires

• A)a retroactive change in the amount of periodic depreciation recognized in previous years.
• B)that no change be made in the periodic depreciation so that depreciation amounts are comparable over the life of the asset.
• C)that the amount of periodic depreciation be changed in the current year and in future years.
• D)that income for the current year be increased.

---

Definitions:

Narcolepsy

A persistent sleeping condition marked by excessive sleepiness during the day and abrupt sleep onset episodes.

REM Sleep

A sleep phase characterized by rapid eye movement, during which vivid dreams commonly occur. This stage is associated with increased brain activity.

Sleep Apnea

A sleep disorder characterized by pauses in breathing or periods of shallow breathing during sleep.

Insomnia

A sleep disorder characterized by difficulty in falling or staying asleep.