Which of the Following Accounting Changes Should Not Be Accounted

question 33

Multiple Choice

Which of the following accounting changes should not be accounted for prospectively?

• A) The correction of an error.
• B) A change from declining balance to straight-line depreciation.
• C) A change from straight-line to declining balance depreciation.
• D) A change in the expected salvage value of a depreciable asset.

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Definitions:

Psychological Research

The systematic study of mental functions, behaviors, and processes through various research methods and experimental studies.

Placebo Effect

A phenomenon where patients experience perceived or actual improvements in their health after receiving a treatment that has no therapeutic effect.

Sugar Pill

A placebo; an inert substance given to a participant in a study, used to control for the effects of mere administration of treatment.

Non-Alcoholic Beer

A beverage that mimics the taste of beer but contains very little to no alcohol, allowing individuals to enjoy the taste of beer without the effects of alcohol.