A Change, for Depreciation Purposes, of Either Estimated Useful Life

question 106

True/False

A change, for depreciation purposes, of either estimated useful life or from one GAAP to another GAAP accounting method, usually is referred to as a change in accounting principle.

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Definitions:

Absolute Threshold

The minimum intensity level of a stimulus that an individual can detect at least 50% of the time.

Exposure

The act of making something visible or subjecting someone to an experience or influence.

Attention

The mental ability to focus on a single element of one's surroundings while disregarding other stimuli.

Weber's Law

A principle of perception that states the change in a stimulus that will be just noticeable is a constant ratio of the original stimulus.