Business, 01.10.2019 23:10 shoafmckenzie5263
The peridot company purchased machinery on january 2, 2019, for $800,000. a five-year life was estimated and no residual value was anticipated. peridot decided to use the straight-line depreciation method and recorded $160,000 in depreciation in 2019 and 2020. early in 2021, the company revised the total estimated life of the machinery to eight years. required: 1. what type of change is this? 2. is peridot required to revise prior years’ financial statements as a result of the change? 3. is peridot required to provide a disclosure note to report the change? 4. determine depreciation for 2021.
Answers: 3
Business, 21.06.2019 17:00
Which basic economic questions deals with the issue of how the incomeof people in various occupations is determined
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Which of the following is a competitive benefit experienced by the first mover firm in an industry? a. the first mover will be able to achieve a less steep learning curve. b. the first mover will be able to reduce the switching costs. c. the first mover will not have to patent its products or technology. d. the first mover will be able to reduce costs through economies of scale.
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Business, 22.06.2019 23:30
Which statement best describes entrepreneurship aitmakes people very rich b it relies on large financial investments c it is only possible in the retail industry d it requires creativity and ambition
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The peridot company purchased machinery on january 2, 2019, for $800,000. a five-year life was estim...
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