A change in estimate should a. result in restatement of prior period statements. b. be handled in current and future periods. c. be handled in future periods only. d. be handled retroactively Which of the following is correct when recording the disposal of equipment for a gain? a. A debit to a gain account. b. A credit to the equipment account for the asset's book value. c. A debit to accumulated depreciation for the depreciation accumulated to the date of disposal. d. A credit to cash. Which of the following equipment related costs is not capitalized on a balance sheet? a. Equipment installation costs. b. Transportation costs associated with the equipment purchase. c. Equipment maintenance costs. d. The equipment's purchase price. Which of the following includes only tangible assets? a. Land, buildings, and natural resources. b. Land, buildings, and leasehold rights. c. Natural resources, buildings, and franchises. d. Licenses, trademarks, and land