jdsfdujfi1484 jdsfdujfi1484
  • 25-02-2022
  • Business
contestada

A change in the estimated useful life and residual value of machinery in the current year is handled as:

Respuesta :

williamli5464 williamli5464
  • 27-02-2022

Answer: change in accounting estimate

Explanation: a change in estimate can occur when the company change the estimate used to calculate depreciation. As such, it requires a prospective application accounting treatment meaning the affect of the change on depreciation is only for the current and future years only.

Answer Link

Otras preguntas

What do you feel was rome's greatest scientific or technological advance? why?
Determine the tension developed in the cable ab required to support the traffic light, which has a mass of 19 kg . take h = 3.5 m.
Simplify the ratio 30 ml: 45 ml
In the last line the writer talks about the good protestants to
Two sealed, pyramid-shaped beakers contain what are clearly identical amounts of a liquid. however, a child suddenly judges them as holding different amounts of
Which equation is the correct one ?
If a 3.30 m sample of a is heated to 500 k, what is the concentration of b at equilibrium?
Sam bought 9 new baseball trading cards to add to his collection. The next day his dog ate half of his collection. There are now only 38 cards left. How many ca
Write a letter of complaint. Follow the rules for a formal letter, and use the full-block style. The complaint may be about anything you wish (such as malfuncti
Kersten, a 40-year-old woman, found it impossible to stop smoking and using alcohol during her pregnancy. these behaviors increase risk for: