Maxim,IncChanged Its Depreciation Method from Units-Of-Production to Straight-Line

question 253

Multiple Choice

Maxim,Inc.changed its depreciation method from units-of-production to straight-line.Maxim is:

• A) only allowed to make this change if it gets permission from the IRS.
• B) only allowed to make this change if it can show the change results in a lower net income.
• C) not allowed to change depreciation methods.
• D) only allowed to make this change if it can show the change results in a better measure.

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Definitions:

Limbic System

A complex system of nerves and networks in the brain, involved with instinct and mood. It controls the basic emotions (fear, pleasure, anger) and drives (hunger, sex, dominance, care of offspring).

Visceral Organs

Internal organs of the body, especially those within the chest (such as the heart or lungs) or abdomen (such as the liver, pancreas, and intestines).

Hypothalamus

A small region of the brain's diencephalon involved in hormone regulation and many vital processes, such as temperature control and hunger.

Retarded Growth

Delayed or slowed physical development, often due to nutritional, genetic, or hormonal factors.