A Change from an Accelerated Depreciation Method to the Straight-Line

question 24

Multiple Choice

A change from an accelerated depreciation method to the straight-line depreciation method should be accounted for as a:

• A) Change in accounting entity.
• B) Change in accounting principle.
• C) Change in accounting estimate.
• D) Correction of accounting error.
• E) Change in accounting principle or estimate, depending on the degree of practicality.

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Definitions:

Light Bulb

An electric device that produces light from electricity, consisting of a filament held within a glass sphere that illuminates when current passes through it.

Computer Keyboard

A computer keyboard is a peripheral input device used to input text and commands into a computer system via the press of keys.

Crumbs

Small fragments or pieces of bread, cake, or other baked goods, often left after eating.

Rotting Boards

Wood planks that have decayed due to exposure to moisture and fungi, compromising their structural integrity.