ACC 306 WEEK 5 ANALYSIS CASE 20 TO 10 ASH COURSE
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ACC 306 WEEK 5 ANALYSIS CASE 20 TO 10 ASH COURSE
Analysis Case 20–10 – DRS Corporation – Various changes ● LO1 through LO4
DRS Corporation changed the way it depreciates its computers from the sum-of-the-year’s-digits method to the straight-line method beginning January 1, 2011. DRS also changed its estimated residual value used in computing depreciation for its office building. At the end of 2011, DRS changed the specific subsidiaries constituting the group of companies for which its consolidated financial statements are prepared.
Required:
1. For each accounting change DRS undertook, indicate the type of change and how DRS should report the change. Be specific.
2. Why should companies disclose changes in accounting principles?
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ACC 306 WEEK 5 ANALYSIS CASE 20 TO 10 ASH COURSE
To purchase this visit here:
http://www.nerdypupil.com/product/acc-306-week-5-analysis-case-20-to-10-ash-course/
Contact us at:
nerdypupil@gmail.com
ACC 306 WEEK 5 ANALYSIS CASE 20 TO 10 ASH COURSE
Analysis Case 20–10 – DRS Corporation – Various changes ● LO1 through LO4
DRS Corporation changed the way it depreciates its computers from the sum-of-the-year’s-digits method to the straight-line method beginning January 1, 2011. DRS also changed its estimated residual value used in computing depreciation for its office building. At the end of 2011, DRS changed the specific subsidiaries constituting the group of companies for which its consolidated financial statements are prepared.
Required:
1. For each accounting change DRS undertook, indicate the type of change and how DRS should report the change. Be...