Refer to Fernbank Farms

question 26

Multiple Choice

Refer to Fernbank Farms. When calculating depreciation for 2013, the company's accountant should

• A)add the $30,000 to the book value at December 31, 2012, and then allocate the revised depreciation basis over the remaining adjusted useful life of 5 years.
• B)report the effect of the change in life as an expense on the income statement in 2011.
• C)ignore the change in life on the original cost of $100,000 and depreciate the additional $30,000 cost separately over its useful life.
• D)expense the $30,000 and depreciate the original cost of $100,000 over its revised estimated total live of 7 years.

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Definitions:

Unreciprocated Love

A situation where one person's feelings of love are not returned by the object of their affection.

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Unwanted and/or repeated surveillance by an individual towards another person, causing fear or distress.

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A condition characterized by higher than average levels of testosterone, which can influence various physical and psychological traits.