Question
20.Huff Company bought a copyright for $150,000 on January 1, 2014, at which time the copyright had an estimated useful life of 15 years. On
20.Huff Company bought a copyright for $150,000 on January 1, 2014, at which time the copyright had an estimated useful life of 15 years. On January 5, 2017, the company determined that the copyright would expire at the end of 2018. How much should Huff record retrospectively as the effect of change?
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Cornerstones of Managerial Accounting
Authors: Maryanne M. Mowen, Don Hanson, Dan L. Heitger, David McConomy, Jeffrey Pittman
2nd Canadian edition
978-0176721237, 978-0176530884
