You are the senior accountant for a company that has

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You are the senior accountant for a company that has determined the useful life of a machine costing $100,000 will be 7 years rather than 10 years as originally thought. You are in year 6 when this is discovered. Log onto the FASB.org website and locate guidelines for recording this transaction. Prepare a memo to the CFO explaining your position on this matter. Post your memo on the discussion board.

Reference no: EM13569227

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