Which of the Following Is NOT a Reason to Revise

question 28

Multiple Choice

Which of the following is NOT a reason to revise the amount of depreciation expense?

• A) change in estimated useful life
• B) permanent decline of an asset's fair market value below book value
• C) change in estimated residual value
• D) incurrence of a capital expenditure associated with a plant asset

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Definitions:

Retrospective Sense Making

Weick’s view of how people construct rational accounts of organizational behavior after the fact—“how do I know what I think until I see what I say?”

Rational Accounts

Explanations or narratives provided to justify actions or decisions based on reason, logic, and rationality.

Organizing Process

The series of actions and steps taken to structure or arrange resources and activities towards achieving certain goals or objectives.

Systems Theory

An interdisciplinary study of systems in general, with the goal of elucidating principles that can be applied to all types of systems.