b. Changes in measurement methods implied changes in accounting estimates. Choose TWO (2) of the following situations that specify changes in accounting estimates. i. ii. iv. Revision of remaining useful life of equipment from 10 years to 8 years. An amount of RM15,000 receipt from account receivables was fraudulently credited to employee's bank account. Change of depreciation method of machinery from straight line to reducing balance. Change from measuring investment property using cost model to fair value model.

b. Changes in measurement methods implied changes in accounting estimates. Choose TWO (2) of the following situations that specify changes in accounting estimates. i. ii. iv. Revision of remaining useful life of equipment from 10 years to 8 years. An amount of RM15,000 receipt from account receivables was fraudulently credited to employee's bank account. Change of depreciation method of machinery from straight line to reducing balance. Change from measuring investment property using cost model to fair value model.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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