Indicate which of the following accounting policies are conservative by placing an X under Yes or No. Assume inflationary conditions exist.

Conservative

Yes

No

a.LIFO inventory

________

________

b. FIFO inventory

________

________

c. Completed-contract method

________

________

d. Percentage-of-completion method

________

________

e. Accelerated depreciation method

________

________

f. Straight-line depreciation method

________

________

g. A relatively short estimated life for a fixed asset

________

________

h. Short period for expensing intangibles

________

________

i.Amortization of goodwill over 5 years

________

________

j. High interest rate used to compute the present value of accumulated benefit obligation

________

________

k. High rate of compensation increase used in computing the projected benefit obligation

________

________