When Calculating Declining Balance Depreciation,the Straight-Line Rate Was Used Instead

question 125

Multiple Choice

When calculating declining balance depreciation,the straight-line rate was used instead of double the straight-line rate.In the first year of ownership,this error would cause:

• A)the period's depreciation expense to be overstated.
• B)the period's depreciation expense to be understated.
• C)the period end assets to be understated.
• D)None of these are correct.

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Definitions:

Time-Driven Activity-Based Costing

A financial assessment technique that calculates costs based on actual activities and the duration it takes to complete them, giving accuracy in assigning costs to products.

Tech Support Department

A division of a company providing technical support and services to customers or internal users regarding technological products or services.

Unused Capacity

The available production or service ability that goes unused or is not utilized to its full potential.

Number of Employees

The total count of individuals employed by a business, including part-time and full-time staff.