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NEW QUESTION: 1
Mellow Co. depreciated a $12,000 asset over five years, using the straight-line method with no salvage
value. At the beginning of the fifth year, it was determined that the asset will last another four years. What
amount should Mellow report as depreciation expense for year 5?
A. $2,400
B. $1,500
C. $900
D. $600
Answer: D
Explanation:
Choice "a" is correct. Over the first 4 years, the asset would be depreciated down to $2,400. Once it was
determined that the asset would last for another 4 years, $600 would be depreciated each year of that 4
year period. This change is a change in accounting estimate (the estimate being the life of the asset).
Changes is accounting estimate are accounted for in the current year and future years if the change
affects both. Choice "b" is incorrect. This answer is the annual difference between the depreciation
expense IF depreciation expense had been retroactively restated ($24,000 / 8 = $1,500) and the correct
depreciation expense. Retroactive restatement is not appropriate for changes in accounting estimate.
Choice "c" is incorrect. This answer is the depreciation expense IF depreciation had been retroactively
restated ($24,000 / 8 = $1,500). Retroactive restatement is not appropriate for changes in accounting
estimate. Choice "d" is incorrect. This answer is the undepreciated amount at the beginning of the fifth
year or the amount of the annual depreciation expense for each of the first 4 years. Either way, it certainly
is not going to be the depreciation expense for that year because the remaining cost will depreciated over
the remaining period.

NEW QUESTION: 2
組織では、従業員が個人のモバイルデバイスを会社のメールに使用することを許可しています。次のうちどれが監査の最大の懸念事項であるべきですか?
A. 時間外に費やされた労働時間の適切な追跡がない
B. プライベートデバイスの許容される使用に関する企業ポリシーはありません
C. ヘルプデスクは、さまざまな種類のプライベートデバイスを完全にはサポートできません。
D. プライベートデバイスへのメール転送には、過剰なネットワーク帯域幅が必要です
Answer: B

NEW QUESTION: 3
Click the Exhibit button.

Consider the customer's dialing plan shown in the exhibit.
Which number used for the NARS AC1 access code?
A. 0
B. 1
C. 2
D. 3
Answer: B