JFS Co Changed from Straight-Line to Double-Declining-Balance Depreciation

question 114

Multiple Choice

JFS Co. changed from straight-line to double-declining-balance depreciation. The journal entry to record the change includes:

• A) A credit to accumulated depreciation.
• B) A debit to accumulated depreciation.
• C) A debit to a depreciable asset.
• D) The change does not require a journal entry.

---

Definitions:

Intrinsic Reward

Refers to the psychological satisfaction or personal fulfillment derived from achieving or completing a task, rather than from external rewards.

Work Ethic

The principle that hard work is intrinsically virtuous or worthy of reward.

Job Enrichment

A method of motivating employees by providing them with more variety, autonomy, and responsibility in their roles.

Task Identity

The degree to which a job requires completion of a whole and identifiable piece of work.