help me answer exercise 4

c. Asset R was purchased January 5, 2011. The asset's original cost was 160,000, and this amount was entirely expensed in 2011. This particular asset has a 10-year useful life and no residual value. The straight-line method was chosen for depreciation purposes. d. At the end of 2014, the company failed to accrue 20,500 of commissions earned by employees during 2014. The expense was recorded when the commissions were paid in early 2015. Required Identify whether it represents an accounting change or an error for each situation above. If it is an accounting change, identify the type of change. Prepare any necessary journal entry as a direct result of the change or error correction as well as any adjusting entry for 2015 related to the situation described. (Ignore tax effects) c. Asset R was purchased January 5, 2011. The asset's original cost was 160,000, and this amount was entirely expensed in 2011. This particular asset has a 10-year useful life and no residual value. The straight-line method was chosen for depreciation purposes. d. At the end of 2014, the company failed to accrue 20,500 of commissions earned by employees during 2014. The expense was recorded when the commissions were paid in early 2015. Required Identify whether it represents an accounting change or an error for each situation above. If it is an accounting change, identify the type of change. Prepare any necessary journal entry as a direct result of the change or error correction as well as any adjusting entry for 2015 related to the situation described. (Ignore tax effects)