Assuming the company s chief accountant identified an accounting error for FY 2 0 2 3 an amount of $ 2 , 0 0 0 , 0 0 0 in Research Development expenditure incurred at the beginning of FY 2 0 2 3 was originally recognized as a depreciable development asset with a useful life of 5 years and no salvage value This amount should have been recognized as a research expense when it occurred The accountant corrected this error BEFORE the earnings announcement day Ignoring tax, recalculate forecast error in EPS for FY 2 0 2 3 using the random walk model to reflect the correction of the error Do you also expect your answer in Part ( b ) would change Briefly explain your reasons and show your workings to

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Assuming the company s chief accountant identified an accounting error for FY 2 0 2 3   an amount of $ 2 , 0 0 0 , 0 0 0 in Research   Development expenditure incurred at the beginning of FY 2 0 2 3 was originally recognized as a depreciable development asset with a useful life of 5 years and no salvage value  This amount should have been recognized as a research expense when it occurred  The accountant corrected this error BEFORE the earnings announcement day  Ignoring tax, recalculate forecast error in EPS for FY 2 0 2 3 using the random walk model to reflect the correction of the error  Do you also expect your answer in Part ( b ) would change  Briefly explain your reasons and show your workings to

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Assuming the company s chief accountant identified an accounting error for FY 2 0 2 3 - an amount of $ 2 , 0 0

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