Question: PHP Ch 4 estion l .128 Refer to the Lufthansa example on asset depreciation estimates in this chapter (the example is reproduced here at page

 PHP Ch 4 estion l .128 Refer to the Lufthansa example

PHP Ch 4 estion l .128 Refer to the Lufthansa example on asset depreciation estimates in this chapter (the example is reproduced here at page 4). What adjustments would be required if Luhansa's aircraft depreciation were computed using an average life of 25 years and salvage value of 5 percent (instead of the reported values of 12 years and 15 percent)? Show the adjustments to the 201 1 and 2012 balance sheets, and to the 2012 income statement

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