The Peridot Company purchased machinery on January 2, 2009, for $800,000. A five-year life was estimated and
Question:
Required:
1. What type of change is this?
2. Briefly describe the accounting treatment for this change.
3. Determine depreciation for 2011.
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Requirement 1 This is a change in accounting estimate Requirement 2 When an esti...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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