
Requirement – 1
Straight-line
Under the straight-line method of depreciation, the same amount of depreciation is allocated every year over the estimated useful life of an asset. The formula to calculate the depreciation cost of the asset using the residual value is shown as below:
Sum-of- the-years’ digits method:
Sum-of-the years’ digits method determines the depreciation expense by multiplying the depreciable base and declining fraction.
To discuss: The types of accounting changes in the method of depreciation, and explain the circumstances of accounting changes occur.
Requirement – 2
To discuss: The types of accounting changes in the expected service life.

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Chapter 11 Solutions
EBK INTERMEDIATE ACCOUNTING
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