Declining-balance process of depreciation

Reference no: EM13124415

A company that changes from the declining-balance method of depreciation for previously recorded assets to the straight-line method should report the change as a(n)

a. Change in accounting principle.

b. Change in accounting estimate.

c. Prior period adjustment.

d. Extraordinary item.

Reference no: EM13124415

Questions Cloud

Paper on the impact of media on women''s self image : write a 6-7 page double spaced paper on The impact of media on women's self image and self esteem

Solve automorphisms and conjugation : Automorphisms and Conjugation, Show that if H is any group then there is a group G that contains H as a normal subgroup with the property that for every automorphism f of H there is an element g of G such that the conjugation by g

Record breaking temperature : Using the Library, web resources, and/or other materials, find a record-breaking temperature (in degrees Fahrenheit) for a town or city of your choice.

Linear system of two unknowns : Show that the equation AX = B represents a linear system of two equations in two unknowns Solve the system and substitute into the matrix equation to check your results

Declining-balance process of depreciation : A company that changes from the declining-balance method of depreciation for previously recorded assets to the straight-line method should report the change as a(n)

The banking concept of education : The Banking Concept of Education," from Pedagogy of the Oppressed by Paulo Freire. New York: Continuum, 1993. Translated by Myra Bergman Ramos [This is the citation information you will need to construct a Works Cited entry;

Paraphrase career objectives : Please paraphrase these 3 answers on the questions. need only couple sentences for each answer. 1. What are your career objectives over next two or four years?2. What steps have you taken in the last two years to reach your career objectives?3. Ho..

Statements about methods of accounting : Which of the following statements about methods of accounting is false?

User Account

All Pages