Depreciation is dependent on a number of estimates. When a change in an estimate is required, the change is made: Options in the current year. in the future year. to prior periods. Both a and b above.

Answers

Answer 1

Answer: The answer would be : Both A and B above
When we change the estimation method of depreciation , we should change the depreciation calculation that we made in the past before we impose the new method, so we not underestimate or overestimate the Assets

Related Questions

Complainer in the business or workplace
During Year 2 Stripling earned $700,000 of revenue on account and collected $710,000 cash from accounts receivable. Also, the company wrote off $8,000 of accounts receivable that were classified as uncollectible during Year 2. If Stripling estimates uncollectible accounts expense to be 1% of revenue, the net realizable value of receivables as of December 31, Year 2 will be.A. $7,000.B. $6,900.C .$6,920.D.$7,100.
• When creating value for a customer, why is product differentiation so important? •
What did Thomas Jefferson believe was the main purpose of government?
If Carol's disposable income increases from $1,200 to $1,700 and her level of saving increases from $200 to $300, her marginal propensity to: 1. save is three-fifths. 2. consume is one-half. 3. consume is four-fifths. 4. consume is one-fifths.

Which of the following is one of the primary tasks faced by managers who want to improve organizational communication? controlling kinesics
managing small group communication
managing organization-wide communication
eliminating the grapevine
maintaining vertical communication channels

Answers

Managing organization - wide communication is the primary tasks faced by the manager who wants to improve organizational communication. The manager is responsible to implement good communication between different teams to establish wide communication goal.

In our accounting department, one of the actions taken by a clerk has been to identify the most frequently used forms and to put them in an area where they can be easily accessed. The other less frequently used forms have been tagged and put in their own separate area. This action likely occurred from the use of which lean tool?

Answers

Answer:

a 5S program

Explanation:

This action likely occurred from the use of a 5S program. This is a program that focuses on the 5 S' which are Sort, Set in Order, Shine, Standardize, Sustain. These are used in order to analyze everything in an area in order to decide what is or isn't necessary, put things in order, cleaning, and setting up procedures for performing these tasks on a regular basis. Which is what the clerk has done by identifying these most and least frequent forms and organizing them accordingly for use on a regular basis.

Final answer:

The clerk likely used the lean tool 5S to organize the forms in the accounting department.

Explanation:

The lean tool that was likely used in the accounting department is 5S. 5S is a workplace organization method that focuses on sorting, setting in order, shining, standardizing, and sustaining. By identifying the most frequently used forms and putting them in an easily accessible area, and tagging and separating the less frequently used forms, the clerk applied the principles of 5S to improve efficiency and productivity.

Learn more about Organizational Efficiency here:

brainly.com/question/20466115

#SPJ12

A bookstore costs $125 a day to keep open, and spends $16 for each book it sells. the store charges $22 for each book it sells. if n represents the number of books sold, which equation represents the revenue function for this bookstore?

Answers

Answer: n(22)

Revenue is referred to as sales from goods and services. It is calculated by multiplying the selling price of each unit by the total number of units sold. In the example, a bookstore that sells (n) number of books at $22 per book generates n(22) in sales revenue.

The equation which represents the revenue function for the bookstore is:

R=n(22)

Answer:

Explanation:

16n + 125

FILL IN THE BLANK. Market ____ is the stage of the new product process that involves exposing actual products to prospective customers under realistic purchase conditions to see if they will buy

Answers

Market testing is the stage of the new product process that involves exposing actual products to prospective customers under realistic purchase conditions to see if they will buy.

Market Testing is the final step before introducing a product to the market and typically involves testing the product under real-life conditions and gathering feedback from prospective customers. Market testing typically involves trial runs of the product, allowing prospective customers to try out the product and provide feedback.

Market testing is important to ensure that the product is successful and appealing to the target market. This feedback can be used to make improvements to the product before its launch. Additionally, market testing helps to create buzz and excitement about the product before its launch, allowing the product to have a successful start.

For more such questions on Market testing.

brainly.com/question/30646066#

#SPJ11

Which principle of design is used to make one element of a design stand out? A.) proximity

B.) emphasis

C.) gradation

D.) alignment

Answers

B is the correct answer.

B. Emphasis because it will expand the design of the design

"Alfonzo and Wendy were arguing about whether their company should issue par value common stock or no-par value common stock. Alfonzo said that par value stock was better because they could use it to help set the market price of the stock. Wendy disagreed. Who was right and why

Answers

Answer:

Wendy was right because par value stock has not impact on the market price of the stock.

Explanation:

Par Value:

The par value of stock is the value, that is generally a very small amount, which is stated on the stock certificates of a company. It has no connection with the market price of the stock.

Some states ask the company to assign a par value for stock so that's why the companies minimum par value to the stock.
If some companies don't assign par value to their stock then its means that their shares have no-par value.
In our case, Wendy was right due to the fact that par values has no concern with the market price of the stock.

Other Questions

You can only get federal student loans if you demonstrate financial need.

Which type of account is typically the most liquid?

Discuss how the following socio economic issues can be a challenge to social responsibility:*Unemployment *Poverty *Human rights

The ________ holds that the organization’s task is to determine the needs, wants, and interests of target markets and to deliver the desired satisfactions more effectively and efficiently than competitors in a way that preserves or enhances the consumer’s and the society’s well-being.