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    udi2587's Avatar
    udi2587 Posts: 1, Reputation: 1
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    #1

    Jun 17, 2014, 02:37 AM
    Accounting and financial management
    Qu :which of this is not an example of accounting estimate ?

    Ans :
    1) useful life of a depreciable asset.
    2) impairment of assets.
    3) employee benefits.
    4) none of the above
    ma0641's Avatar
    ma0641 Posts: 15,675, Reputation: 1012
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    #2

    Jun 17, 2014, 02:53 PM
    So what do you think? Why?
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #3

    Jun 18, 2014, 10:26 AM
    You need to think about each item and you have to know how amounts are figured for each item or where different figures come from.

    For example Equipment: Where does salvage value and useful life come from.
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