Essay
KEC has a machine that cost $75,000 (no residual value)that was being depreciated over a 15-year estimated life,using SL.On the basis of more experience,during the 9th year,management decided to use a revised total estimate of 20 years.
(a)What kind of accounting change does this represent? __________.
(b)Give entry in 9th year to reflect the change; if none is required,explain.
(c)Give the depreciation entry (year-end adjusting entry)for the 9th year.Show computations.
Correct Answer:

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(a)Change in estimate.
(b)None required ...View Answer
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Correct Answer:
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(b)None required ...
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