A Company That Changes from the Declining-Balance Method of Depreciation

question 14

Multiple Choice

A company that changes from the declining-balance method of depreciation for previously recorded assets to the straight-line method should report the change as a(n)

• A) change in accounting principle.
• B) change in accounting estimate.
• C) prior period adjustment.
• D) extraordinary item.

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Definitions:

Borderline Personality Disorder

A psychological disorder defined by fluctuating mood patterns, behaviors, and social interactions.

Suicide

Deliberately initiating one's own death.

Diagnosed

The process of identifying a disease or condition from its symptoms by a healthcare professional.

Borderline Personality Disorder

a mental health disorder characterized by pervasive instability in moods, behavior, self-image, and functioning, often leading to impulsive actions and unstable relationships.