Question: On January 1 , 2 0 0 K 1 , Slim Inc. purchased machinery for $ 3 5 0 , 0 0 0 . The

On January 1,200K1, Slim Inc. purchased machinery for $350,000. The machinery had an estimated useful life of 10 years and a salvage the straightling method of depreclation and reasessed the remaining weldille of the machinery to be 4 years with no change in the salvage value. A change in depreciation methods together with a change in the uselfillite of the asset is
a change in accounting principle effected as a change in accounting estimute.
an error correction.
a change in accounting estimate.
a change in accounting principle.
On January 1 , 2 0 0 K 1 , Slim Inc. purchased

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