A company decides to switch from double-declining balance

Assignment Help Accounting Basics
Reference no: EM13393585

A company decides to switch from double-declining balance method to that straight-line method of recording depreciation. What type of change/correction is this?

Change in accounting principle

Change in reporting entity

Change in accounting estimate

Correction of an error

Reference no: EM13393585

Questions Cloud

A bond that has a 1000 par valueface value and a contract : a bond that has a 1000 par valueface value and a contract or coupon interest rate of 11.2. the bonds have a current
Fleet skills test can be accomplished on a driving range or : fleet skills test can be accomplished on a driving range or in actual traffic conditions. give at least one advantage
The change will result in a 3600000 increase in the : on december 31 2013 gifts galore inc. appropriately changed its inventory valuation method from weighted-average cost
As a newly promoted vice president vp your chief executive : as a newly promoted vice president vp your chief executive officer ceo has invited you to participate in this years
A company decides to switch from double-declining balance : a company decides to switch from double-declining balance method to that straight-line method of recording
Give your opinion of the value of vehicle out of service : give your opinion of the value of vehicle out of service rates and driver log errors as a driver supervisor tool.
Which of the following is accounted for as a change in : which of the following is accounted for as a change in accounting principle?a change in inventory valuation from
Take the perspective of fords director of strategic : you are to develop the fundamentals of strategic plans for the ford motor company and the toyota motor corporation two
Projects in all organizations have associated risks the : projects in all organizations have associated risks. the risks can be minimized when you are certain of the outcome and

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd