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Salsk061 [2.6K]
3 years ago
10

Albatross Company purchased a piece of machinery for $60,000 on January 1, 2019, and has been depreciating the machine using the

double-declining-balance method based on a five-year estimated useful life and no salvage value. On January 1, 2021, Albatross decided to switch to the straight-line method of depreciation. The salvage value is still zero and the estimated useful life did not change. Ignore income taxes.
Required:
a. What type of accounting change is this, and how should it be handled?
b. Prepare the journal entry to record depreciation for 2017. Show all calculations clearly.
Business
2 answers:
elena-14-01-66 [18.8K]3 years ago
7 0

rkslirs

itss

irslursu..zurxru

d

natita [175]3 years ago
3 0

Answer:

Currently, the income statement for company reflects a total period cost for depreciation of $7,876,000

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Answer:

Bank Reconciliation

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Add: June 30 Deposit                                        <u>  2,856</u>

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Less: Outstanding Checks                                 <u> (1,829)</u>

Adjusted bank balance                                     $11,582

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Add: Error in Check 919 (479 - 467)                        <u>         9</u>

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Which of the following data analysis models use optimization techniques? Group of answer choices Prescriptive analytics Predicti
schepotkina [342]

Answer:

Prescriptive analytics.

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Prescriptive analytics can be defined as a type of data analysis model which typically comprises of descriptive data and forecasting techniques used for identifying the decisions that are most likely to yield an optimum or best performance.

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For example, prescribing a car that is capable of finding the best route for a road trip.

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It should be noted that ICD 10-CM simply refers to the international classification of diseases.

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Identifying type and normal balances of accounts LO C4 For each of the following
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Answer with Explanation:

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