Question: Show Atternpt History Current Attempt in Progress Your answer is partially correct. Oriole Company purchased land and a building on January 1,2022. Management's best estimate
Show Atternpt History Current Attempt in Progress Your answer is partially correct. Oriole Company purchased land and a building on January 1,2022. Management's best estimate of the value of the land was $110,000 and of the building $220,000. However, management told the accounting department to record the land at $242,000 and the building at $88,000. The building is being depreciated on a straight-line basis over 15 years with no salvage value. Calculate the annual change in net income $ Why do you suppose management requested this accounting treatment? Is it ethical? It is likely that management requested this accounting treatment and this practice is
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