1. Suppose a company was having a bal year Net income is well below expectations and lower than last year's income. For depreciation purposes, the company extended the estimated full of depreciable assets. How would this accounting change affect the company's D) depreciation expense net income owners' equity 2. Suppose the Globe and Mail (a large Canadian newspaper) paid $1 milion for a rural newspaper in Northem BC three years ago. The newspaper's assets were valued at $1,000 and its liabilities at $150,000 The Globe and Mail recorded $150.000 as goodwill at the time of purchase. What amortization expenses will be recorded for the current year