Indicate where the following items would ordinarily appear on the financial statements of Boleyn. Inc, for the year 2010.
(a) The service life of certain equipment was changed from 8 to 5 years. If a 5-year life had been used previously, additional depreciation of ₤425,000 would have been charged.
(b) In 2010 a flood destroyed a warehouse that had a book value of £1,600,000.
(c) In 2010 the company wrote off ₤1,000,000 of inventory that was considered obsolete.
(d) Interest expense for the year was ₤45,000.
(e) In 2007, a supply warehouse with an expected useful life of 7 years was erroneously expensed.
(f) Boleyn. Inc, changed from weighted-average to FIFO inventory pricing.