3. A company changes from capitalizing and amortizing preproduction costs to recording them as an expense when incurred because future benefits associated with those costs have become doubtful. This accounting change should be recognized as a a. change in accounting estimate b. change in accounting principle c. change in reporting entity d. correction of an error 4. Myers purchased equipment on January 1,2013, for $400.000. At the date of acquisition, the equipment had an estimated useful life of eight years with $40,000 salvage value, and was depreciated on the straight-line basis. On January 1, 2018, based on additional information, Myers decided that the equipment had a total estimated life of ten years, but salvage value is only $15,000. Depreciation expense on the equipment in 2018 would be: a. $32,000 b. $35,000 C, $40,000 d. $45,000 capacitantes #5: El estudiante analizar el efecto de un error contable sobre ciertas partidas de los informes financieros. Several errors are listed below: Effect on 2017 Net Income Failed to record a 2017 expense Ending 2016 inventory is understated a. b. d. Ending 2017 inventory is oversiated e. Ending 2016 accrued revenue is understated f. Ending 2017 prepaid expense is overstated g. Ending 2016 unearned revenue is overstated h. Ending 2017 accrued revenue is understated i. Ending 2016 accrued expense is overstated j. Ending 2017 unearned revenue is understated Indicate the effect each error would have on 2017 net income by placing a (+) or (-) in the space provided. Part (a) is given as an example. Required