Search:

When the estimate of an assets useful life is changed,
a) depreciation exp for all past periods must be recalculated.
b) there is no change in the amount of depreciation exp recorded for future yrs...

Um I'm thinking u must have too much time on your hands, if your going to write, "what do you think the answer is?" how about getting a social life lol! Your too funny!

Volvo Machine Company spent 352,000 on research and development costs for an invention. THis invention was patented on Jan 2, 2004, at a nominal cost that was expensed in 2004. The patent has a legal...

On February 12, Laker Company purchased a tract of land as a factory site for 175,000. An existing building on the property was razed and construction was begun on a new factory building in March of...

Peterson Inc. purchased a machine under a deferred payment contract on Dec 31, 2007. Under the terms of the contract, Peterson is required to make 8 annual payments of $140,000 each beginning Dec 31,...

When the estimate of an assets useful life is changed,
a) depreciation exp for all past periods must be recalculated.
b) there is no change in the amount of depreciation exp recorded for future yrs...