Refer to the situation described in BE 11-7. Assume that instead of changing the useful life and
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Refer to the situation described in BE 11-7. Assume that instead of changing the useful life and residual value, in 2011 the company switched to the double-declining-balance depreciation method. How should Robotics account for the change? What is depreciation on the building for 2011?
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In general we report voluntary changes in accounting principles retrospectively However a change in ...View the full answer
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Related Book For 
Intermediate Accounting
ISBN: 978-0077400163
6th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
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