Which of the Following Would Be Increased by an Accounting

question 14

Multiple Choice

Which of the following would be increased by an accounting policy change involving use of the reducing balance method of depreciation in place of the straight-line method,leading to an increase in depreciation expense?

• A) Assets
• B) Net profit
• C) Retained profits
• D) Expenses

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Definitions:

5th Wheel

A coupling device used primarily in semi-trucks to attach a trailer, characterized by a large pivoting plate.

Upper Coupler Assembly

The component at the front of a semi-trailer that hooks onto the hitch of a truck tractor, providing a connection point.

SAE Grade 8

A classification for high-strength bolts according to the Society of Automotive Engineers, indicating a high level of tensile strength.

Hook to Latch Clearance

Hook to latch clearance refers to the distance or space between a hook and latch mechanism, critical in ensuring a secure fit and operation of closures in vehicles.