A Change in the Amortization Rate for an Intangible Asset

question 67

Multiple Choice

A change in the amortization rate for an intangible asset should be accounted for as a

• A) change in accounting principle.
• B) change in reporting entity.
• C) correction of an error.
• D) change in accounting estimate.

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Definitions:

Token Economy

A behavior modification system that uses tokens as reinforcement for desired behaviors, which can be exchanged for rewards.

Token-Storage System

A behavioral modification system where tokens are earned for desired behaviors and can later be exchanged for rewards.

Peer Pressure

The influence exerted by a peer group, encouraging individuals to change their attitudes, values, or behaviors to conform to group norms.

Positive Reinforcement

A learning process in which a behavior is followed by a desirable consequence, strengthening the likelihood that the behavior will be repeated.