A . In 2019, PT KLM changed the estimated useful life of its machines. Previously, machines purchased

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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.

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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?

Posted Date: Dec 11, 2021 02:00 AM

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A . In 2019, PT KLM changed the estimated useful life of its machines. Previously, machines purchased

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Expert Answer:

Answer A Per year depreciation as per old estimate Rp 250000 500... View the full answer

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