Question: 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

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.

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