Lynch Corporation changes from the sum-of-the-years-digits method of depreciation for existing assets to the straight-line method. How

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Lynch Corporation changes from the sum-of-the-years’-digits method of depreciation for existing assets to the straight-line method. How should the change be reported? Explain.

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Intermediate Accounting

ISBN: 9781264134526

11th Edition

Authors: David Spiceland

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Question Posted: Aug 24, 2022 03:48 AM

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Lynch Corporation changes from the sum-of-the-years-digits method of depreciation for existing assets to the straight-line method. How

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Lynch should report its change in depreciation method as a change in estimate rather than as a chang...View the full answer

Intermediate Accounting

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