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CPA Question 07 On January 2, 2017, Raft Corp. discovers that it had incorrectly expensed a $210,000 machine purchased on January 2, 2014. Raft estimates
CPA Question 07 On January 2, 2017, Raft Corp. discovers that it had incorrectly expensed a $210,000 machine purchased on January 2, 2014. Raft estimates the machine's original useful life to be ten years salvage value at $10,000. Raft uses rate. In its December 31, 2017, financial statements, what amount should Raft report as a Prior period adjustment? and the straight-line method of depreciation and is subject to a 30% ta O $165,900 O $102,900 O $168,000 O $105,000
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