Assume that Besley Golf Equipment commenced operations on January 1, 2021 and was granted permission to use the same depreciation calculations for shareholder reporting and income tax purposes. The company planned to depreciate its fixed assets over 15 years, but in December 2021 management realized that the assets would last for only 10 years. The firms accountants plan to report the 2021 financial statements based on this new information. How would the new depreciation assumption affect the companys financial statements?

	a.	The firms reported net fixed assets would increase.
	b.	The firms EBIT would increase.
	c.	The firms reported 2021 earnings per share would increase.
	d.	The firms cash position in 2021 and 2020 would increase.
	e.	The provision will increase the companys tax payments.