Which of the Following Would Probably NOT Need to Be

question 91

Multiple Choice

Which of the following would probably NOT need to be disclosed in a footnote?

• A)Change of inventory methods
• B)A material change in estimated shrinkage
• C)A change in depreciation method
• D)A 10% increase in sales

Understand and calculate depreciation using different methods including straight-line, double-declining-balance, and units-of-output.

Understand the accounting treatment for exchanges of similar and dissimilar assets.

Comprehend the acquisition and capitalization of fixed assets, including costs involved and their classification.

Calculate annual depreciation and understand the impact of changes in estimates on depreciation calculation.

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Definitions:

Inversely

A relationship between two variables in which one increases as the other decreases, often described by an inverse proportion or relation.

Tenth Power

Raising a number to the tenth power means multiplying the number by itself nine more times.

Graphing Calculator

A graphing calculator is a handheld calculator capable of plotting graphs, solving equations, and performing various mathematical operations with functions and variables.

X-intercepts

Points where a graph crosses the x-axis, representing the values of the variable when the output or y-value is zero.