It is 5 December 20X0 and you work in the accounting department for JBC Manufacturing. You have been asked to prepare an analysis on the estimated useful life of the manufacturing equipment. Currently, the company amortizes machinery over a 10-year useful life, furniture and fixtures over 5 years, and computer hardware over 3 years. The following information has been provided:

Required:
Prepare a discussion around the current estimates, and whether any changes should be made. For items that require a change, discuss how to account for those changes.

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Actual useful life (years) 12 ON 10 8 6 st 2 0 Machinery Furniture and fixtures 120x120x220X320X420X5 JBC Manufacturing Useful Life of Equipment Disposed of in Past 5 Years Computer hardware