Which of the Following Is True When the Estimate of an Asset's

question 88

Multiple Choice

Which of the following is true when the estimate of an asset's useful life is changed?

• A)The new estimate is ignored until the last year of the asset's life.
• B)The depreciation expense in the prior year is restated.
• C)Prior years' financial statements must be restated.
• D)The asset's remaining depreciable book value will be spread over the asset's remaining life.

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Definitions:

Staffing Tables

These are tools used by human resource departments to plan for future hiring by projecting the number of employees needed in different roles based on strategic objectives.

Skills Inventories

Comprehensive databases or lists that track the skills, qualifications, and expertise of an organization's employees, used for planning, recruitment, and development purposes.

HR Forecasting

The process used by human resources to predict the organization's future labor requirements based on various business scenarios.

Demand Requirements

The specific needs and quantities of products or services required by the market at any given time.