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