The Method of Depreciation Was Changed from the Double-Declining-Balance Method

question 90

Multiple Choice

The method of depreciation was changed from the double-declining-balance method to the straight-line method in fiscal 2019.A machine was purchased on January 1,2017,at a cost of $150,000.The machine has an estimated useful life of 10 years and a residual value of $9,000.Assume that net income before tax NIBT) was $102,000 for fiscal 2018.What is the appropriate accounting for fiscal 2018?

• A)Retrospective adjustment and revised NIBT of $87,900.
• B)Retrospective adjustment and revised NIBT of $126,000.
• C)Retrospective adjustment and revised NIBT of $111,900.
• D)No accounting is necessary in fiscal 2018.

Understand the impact of legislation on nursing practice and patient care.

Appreciate the importance of patient advocacy in nursing.

Recognize the significance of nurse’s involvement in policy-making and legislation.

Understand the concept of professional accountability and autonomy in nursing.

---

Definitions:

DIMM

Dual In-line Memory Module, a series of random-access memory modules that provide a computer's processor with the temporary data storage it needs to operate.

Physical RAM

Refers to the actual hardware memory modules installed in a computer used to temporarily store data for quick access by the processor.

Memory Storage

Devices or media used to store digital data, such as SSDs, HDDs, and memory cards.

Registered Memory

Memory modules that have extra chips (registers) near the bottom of the module that delay all data transfers by one clock tick to ensure accuracy.