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NEW QUESTION: 1
If a company changes the useful life of its assets from 10 years to 12 years, this will be recorded as
________.
A. a change in accounting principle
B. a non recurring gain
C. none of these answers
D. an extraordinary item
Answer: C
Explanation:
Explanation/Reference:
Explanation:
The depreciation schedule for each asset affected is simply recalculated for the remainder of the life.

NEW QUESTION: 2
When developing a disaster recovery plan, the criteria for determining the acceptable downtime should be the:
A. quantity of orphan data.
B. service delivery objective.
C. maximum tolerable outage.
D. annualized loss expectancy (ALE).
Answer: C
Explanation:
Explanation/Reference:
Explanation:
The recovery time objective is determined based on the acceptable downtime in case of a disruption of operations, it indicates the maximum tolerable outage that an organization considers to be acceptable before a system or process must resume following a disaster. Choice A is incorrect, because the acceptable downtime would not be determined by the annualized loss expectancy (ALE). Choices B and C are relevant to business continuity, but they are not determined by acceptable downtime.

NEW QUESTION: 3

A. Option F
B. Option E
C. Option D
D. Option C
E. Option A
F. Option B
Answer: D,E,F