Question: A . In 2019, PT KLM changed the estimated useful life of its machines. Previously, machines purchased in early 2017 at a price of Rp.

A. In 2019, PT KLM changed the estimated useful life of its machines. Previously, machines purchased in early 2017 at a price of Rp. 250,000 were estimated to have a useful life of 5 years with a residual value of Rp. 5,000. Due to this change, the useful life of the machine was changed to 9 years with a residual value of Rp 700.

Required:

What is the impact of the change in the estimated useful life on the company's financial statements? What is the journal entry for this transaction? How is the presentation of the PT KLM report after the changes occur?

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