Goosen company bought a copyright for $90,000 on january 1, 2018, at which time the copyright had an estimated useful life of 15 years. on january 5, 2021, the company determined that the copyright would expire at the end of 2026. how much should goosen record retrospectively as the effect of change

The correct answer is : $0

Explanation:

The retrospective approach means that you have to apply the change in principle to the financial outcomes of previous periods or time, as though the new one had always been in use.  It has to take into account the cumulative effect of the change on periods prior and the financial statements have to presented to reflect the change to the new one.

american political culture includes a plenty of focus views and preferences. not all westerns experience the same opinions, of course, but the large preponderance promises to these general ideas, including equality, justice, freedom, individualism, integrity, and difference.

the united states is a democratic republic. residents elect representatives to governmental, nation, and local administration; those deputies create the regulations that command u.s. community. although emptiness in u.s. law needs it, in usage, the administrative system is ruled by executive factions.

answer; self_ disclosure;