Coggin Ltd Changed from the Straight-Line Method to the Declining

question 47

Multiple Choice

Coggin Ltd changed from the straight-line method to the declining balance method of depreciation for all newly acquired assets.This change has no material effect on the current year's financial report but is reasonably certain to have a substantial effect in later years.If the change is adequately disclosed in the notes to the financial report the auditor should issue a report with a(n) :

• A)consistency modification.
• B)unmodified opinion.
• C)explanatory paragraph.
• D)qualified opinion.

---

Definitions:

Personal Initiative

The self-starting and proactive action that an individual takes to go beyond the basic requirements and bring about positive change.

Intrinsic Motivation

The drive to engage in activities for their own sake, deriving pleasure and satisfaction from the activities themselves rather than external rewards.

Basic Psychological Needs

Essential motivational drives related to autonomy, competence, and relatedness, which humans need to foster well-being and growth.

Self-Determination Theory

A theory of motivation that suggests people are driven to grow and change by three innate and universal psychological needs: competence, autonomy, and relatedness.