QUESTION 1 A benefit of using an accelerated depreciation method is that O It is preferred by the tax code @ It is the simplest method to calculate it yields larger depreciation expense in the early years of an assers life D It yields a higher income in the early years of the asset's useful life The results are identical to straight-line depreciation QUESTION 2 A change in an accounting estimate is Reflected in past financial statements Reflected in future financial statements and also requires modification of past statements Reflected in current and future years financial statements, not in prior statements Not alloved under current accounting rules Considered an eror in the financial statements