Question: Read the attached case study: Harnischfeger Case Study How did Harnischfeger change their accounting for depreciation? How many changes that may influence net income can

  1. Read the attached case study: Harnischfeger Case Study
  2. How did Harnischfeger change their accounting for depreciation?
  3. How many changes that may influence net income can you identify? Calculate what Harnischfeger's net income would have been in the absence of these changes. (Hint: There's a LOT).
  4. In your opinion, why management changed the company's accounting for depreciation? Why management made the other accounting changes you have identified?

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