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:

Recall Information

Recall information refers to the cognitive process of retrieving stored information from memory without the aid of cues.

Distributed Practice

A learning strategy that involves spreading out study sessions over time rather than cramming them into one single session.

SPAR Method

The SPAR Method is a structured approach to problem-solving that involves Scanning, Planning, Acting, and Reflecting.

Proactive Interference

A phenomenon where old information prevents the recall of newly learned information.