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A cellular phone manufacturer more than doubled its EPS by changing depreciation methods. In justifying the change, management supported the change as follows: In comparison
A cellular phone manufacturer more than doubled its EPS by changing depreciation methods. In justifying the change, management supported the change as follows: In comparison to direct competitors, the previous depreciation method was more conservative and thus had a negative impact on earnings.
Post should include at least two references to relevant GAAP identifying the ethical issue and suggest appropriate professional action
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