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crazzibear2 crazzibear2
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5 years ago
A change in the estimated useful life of a building
A) Is not allowed under ASPE or IFRS
B) Affects depreciation on the building beginning with the year of the change
C) Must be handled as a retrospective adjustment to all accounts affected, back to the year of
building acquisition
D) Creates a new account to be recognized on the income statement, and reflects the
depreciation difference up to the beginning of the year of change
Textbook 
Intermediate Accounting, Volume 2

Intermediate Accounting, Volume 2


Edition: 5th
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YogenYogen
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5 years ago
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crazzibear2 Author
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5 years ago
this is exactly what I needed
novae
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This calls for a celebration Person Raising Both Hands in Celebration
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Just got PERFECT on my quiz
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