b. Changes in measurement methods implied changes in accounting estimates. Choose TWO (2) of the following situations that specify changes in accounting estimates. i. ii. iv. Revision of remaining useful life of equipment from 10 years to 8 years. An amount of RM15,000 receipt from account receivables was fraudulently credited to employee's bank account. Change of depreciation method of machinery from straight line to reducing balance. Change from measuring investment property using cost model to fair value model.

b. Changes in measurement methods implied changes in accounting estimates. Choose TWO (2) of the following situations that specify changes in accounting estimates. i. ii. iv. Revision of remaining useful life of equipment from 10 years to 8 years. An amount of RM15,000 receipt from account receivables was fraudulently credited to employee's bank account. Change of depreciation method of machinery from straight line to reducing balance. Change from measuring investment property using cost model to fair value model.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter14: Corporation Accounting

Section: Chapter Questions

Problem 18EA: Roxannes Delightful Candies, Inc. began the year with a retained earnings balance of $45,000. The...

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