The Financial Statement Presentation of a Change in Depreciation Method

question 40

Multiple Choice

The financial statement presentation of a change in depreciation method is most similar to that of reporting:

• A)Changes in accounting estimates.
• B)Prior period adjustments.
• C)Correction of errors.
• D)Extraordinary items.

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Definitions:

Confidence Interval

A spectrum of values obtained from sampled data that is probable to encompass the value of a yet-to-be-determined population parameter.

Standard Deviation

A measure that quantifies the amount of variation or dispersion of a set of data values.

Sleep

A natural, reversible state of reduced responsiveness to external stimuli and diminished activity of the body, essential for physical and mental restoration.

Confidence

The degree of certainty or trust one can place in a particular result or conclusion, often expressed as a percentage in statistical analyses.