Which of the Following Are Changes in Accounting Principle

question 72

Multiple Choice

Which of the following are changes in accounting principle?
I. A change from LIFO to FIFO.
II. A change in estimated salvage value of depreciable asset.
III. A change from an accelerated depreciation method to straight line depreciation.
IV. Recording depreciation for the first time on machinery purchased five years ago.

• A) I, II, III and IV
• B) I, II and III
• C) I, III and IV
• D) I and III

Comprehend the limitations and conventions around file naming in Windows.

Recognize the different grouping and view options available in Windows for managing files and folders.

Identify the purpose and functionality of shortcuts within Windows.

Understand the specifics of live preview features and their availability across different icon sizes.

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Definitions:

Commercial Leases

Agreements between landlords and businesses to rent commercial properties, such as offices, retail spaces, or warehouses, under specific terms.

Shopping Centre Leases

Contracts that dictate the terms under which a retailer can use space within a shopping center, including duration, rent, and other conditions.

Promotional Activities

Marketing efforts undertaken to increase awareness, interest, and sales of a product or service through various methods such as advertising, sales promotions, and public relations.

Legislation Unconstitutional

A declaration that a law or statute conflicts with the constitution and is therefore invalid and unenforceable.