Question

Powell Manufacturing purchased machinery for $300,000 at the beginning of 2009. A six-year life was estimated and no residual value was anticipated. Straight-line depreciation is used. At the beginning of 2011, the estimated useful life was revised to 10 years in total. What type of accounting change is this? Determine depreciation for 2011.



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  • CreatedJune 24, 2013
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