During 19X1 and 19X2, Company A used straight-line depreciation for its assets, resulting in deprecation expense of
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Question:
(a) What type of change is this?
(b) Does this change require retroactive or prospective treatment?
(c) Prepare an entry in 19X3 if necessary. Assume a tax rate of 30%.
Related Book For
Using Financial Accounting Information The Alternative to Debits and Credits
ISBN: 978-1337491471
10th edition
Authors: Gary A. Porter, Curtis L. Norton
Posted Date: