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NCIAL ACCT - Compatibility Mode - Word rences Mailings Review View Help 36. A change in the estimated useful life of equipment requires a retroactive
NCIAL ACCT - Compatibility Mode - Word rences Mailings Review View Help 36. A change in the estimated useful life of equipment requires a retroactive change in the amount of periodic depreciation recognized in previous years, B) that no change be made in the periodic depreciation so that depreciation amounts are comparable over the life of the asset. C) that the amount of periodic depreciation be changed in the current year and in future years D) that income for the current year be increased. 37. A loss on disposal of a plant asset is reported in the financial statements A) in the Other Revenues and Gains section of the income statement. B) in the Other Expenses and Losses section of the income statement C) as a direct increase to the capital account on the balance sheet. D) as a direct decrease to the capital account on the balance sheet 38. Cost allocation of an intangible asset is referred to as A) amortization B) depletion C) accretion. D) capitalization 39. Which one of the following payroll taxes is not included in the payroll tax expense entry for the employer? A) FICA tax B) Federal income tax C) Federal unemployment tax D) State unemployment tax ORI que E DELL
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