ACC 423 Week 1 Discussion Question 1 ( UOP Course ) For more course tutorials visit www . tutorialrank . com
50 ) Equipment was purchased at the beginning of 2005 for $ 204,000 . At the time of its purchase , the equipment was estimated to have a useful life of six years and a salvage value of $ 24,000 . The equipment was depreciated using the straight-line method of depreciation through 2008 . At the beginning of 2008 , the estimate of useful life was revised to a total life of eight years and the expected salvage value was changed to $ 15,000 . The amount to be recorded for depreciation for 2008 , reflecting these changes in estimates , is
A . $ 22,800 . B . $ 12,375 . C . $ 19,800 . D . $ 23,625 .
51 ) Which type of accounting change should always be accounted for in current and future periods ?
A . Change in accounting estimate B . Change in accounting principle C . Change in reporting entity D . Correction of an error ===============================================
ACC 423 Week 1 Discussion Question 1 ( UOP Course ) For more course tutorials visit www . tutorialrank . com
Why do companies offer stock options ? What is the experience of either your organization or an organization that you are familiar with