If a Change Is Made from Straight-Line to SYD Depreciation,one

question 66

Multiple Choice

If a change is made from straight-line to SYD depreciation,one should record the effects by a journal entry including:

• A)A credit to deferred tax liability.
• B)A credit to accumulated depreciation.
• C)A debit to depreciation expense.
• D)No journal entry is required.

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Definitions:

Situational Attributions

The process of attributing a person's behavior to external or situational factors.

Fundamental Attribution Error

The tendency to overemphasize personality-based explanations for behaviors observed in others while underestimating the power of situational influences.

Dispositional Causes

refer to internal factors such as traits, beliefs, and attitudes that are thought to drive an individual's behavior.

Fundamental Attribution Error

The tendency to attribute others' behaviors to their character or personality, while underestimating situational factors.