Button Ltd has been in operation for 3 years. All of its manufacturing equipment, which has a
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Button Ltd has been in operation for 3 years. All of its manufacturing equipment, which has a useful life of 10 to 12 years, has been depreciated on a straight-line basis. During the fourth year, Button Ltd changes to an accelerated depreciation method for all of its equipment.
(a) Will Button Ltd report more profit as a result of this change?
(b) How will this change be reported?
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