Intermediate Accounting
Intermediate Accounting
1st Edition
ISBN: 9780132162302
Author: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
Publisher: PEARSON
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Chapter 21, Problem 21.1MC
To determine

The correct option.

Given information:

Change in method would result in decrease of cost to $800,000.

Tax rate is 30%.

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