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:

All-In-One Machine

A device that combines several functionalities, such as printing, scanning, copying, and sometimes faxing, into a single unit.

Memo

A written message, typically within an organization, conveying information or instructions in a formal manner.

Informal Reports

Casual or less structured reports typically used for internal communication in an organization.

Yardstick Reports

Analysis or evaluation documents that compare current results against established standards or benchmarks.