Question: Take it Further 9-1 on page 491 How does this change the usefulness of the company's net income for external decision makers? If Miks and
Take it Further 9-1 on page 491
How does this change the usefulness of the company's net income for external decision makers?
If Miks and James make the change are they acting in an ethical manner? Explain.
1. Evaluate the decision to change the equipment's estimated useful life and estimated residual value to improve earnings. How does this change impact the usefulness of the company's net income for external decision makers? 2. If Mike and James make the change, are they acting in an ethical manner? Explain. 1. Evaluate the decision to change the equipment's estimated useful life and estimated residual value to improve earnings. How does this change impact the usefulness of the company's net income for external decision makers? 2. If Mike and James make the change, are they acting in an ethical manner? Explain
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