Emails us- Call US

Assignment help 2946

1)  Define a change in estimate and provide an illustration.  When is a change in accounting estimate effected by a change in accounting principle?

2) Shannon, Inc., changed from the LIFO cost flow assumption to the FIFO cost flow assumption in 2014.  The increase in the prior year’s income before taxes in $1,200,000.  The tax rate is 40%. Prepare Shannon’s journal entry to record the change in accounting principle.

3) Sesame Company purchased a computer system for $74,000 on January 1, 2013.  It was depreciated based on a 7 year life and an $18,000 salvage value.  On January 1, 2015, Sesame revised these estimates to a total useful life of 4 years and a salvage value of $10,000.  Prepare Sesames’s entry to record the 2015 depreciation.


15% off for this assignment.

Our Prices Start at $11.99. As Our First Client, Use Coupon Code GET15 to claim 15% Discount This Month!!

Why US?

100% Confidentiality

Information about customers is confidential and never disclosed to third parties.

Timely Delivery

No missed deadlines – 97% of assignments are completed in time.

Original Writing

We complete all papers from scratch. You can get a plagiarism report.

Money Back

If you are convinced that our writer has not followed your requirements, feel free to ask for a refund.