Double-Declining-Balance Method Is Used in the First Year When Straight-Line

question 90

Multiple Choice

Double-declining-balance method is used in the first year when straight-line should be used.This error would cause:

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

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Definitions:

Quivers

Minor, rapid oscillations or vibrations, often of an object or part of the body, indicating nervousness or a physical reaction.

Purkinje System

A network of fibers in the heart that distributes electrical impulses, contributing to the coordination of heart muscle contractions.

Bundle Branches

The paths of specialized heart muscle cells that transmit electrical impulses from the heart's atrioventricular node to the ventricles, ensuring coordinated heart muscle contractions.

Peripheral Fibers

Nerves located outside the central nervous system, involved in the transmission of sensory and motor signals to and from the central body.