Accounting Situation Assesment.

Accounting Situation Assesment.
March 29, 2021 Comments Off on Accounting Situation Assesment. Assignment Assignment help

Using the FASB Codification System Web Site (ASC) as a guide (there are a link and password in the login and password option for the writer), please read the following situation and respond to the question: Situation: A small computer manufacturing industry you are working for would like to make some adjustments to their straight-line depreciation for its manufacturing equipment while in the process of obtaining a bank loan. The company has determined the estimated life of the equipment to be 20 years and the estimated salvage value for this equipment to be higher than the original cost of the equipment. Answer the question: As a new accountant for this company, how would you resolve this situation?

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