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Describe how the following items would be handled on the financial statement: A- Changed the estimate on number of years machinery would last (life of

Describe how the following items would be handled on the financial statement: A- Changed the estimate on number of years machinery would last (life of asset). B- Changed inventory method from LIFO to FIFO. C- Found an error on the income statement from last year. Please explain the effects on both the income statement and balance sheet if

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