24、Assume U.S. GAAP (generally accepted accounting principles) applies unless otherwise noted. Which of the following adjustments to the assumed useful life and assumed salvage value of a company's assets would most likely decrease the company's total asset turnover ratio? | Assumed useful life | Assumed salvage value | A. | Longer | Lower | B. | Longer | Higher | C. | Shorter | Lower | D. | Shorter | Higher |
A. Answer A B. Answer B C. Answer C D. Answer D
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