For each of the following situations, indicate whether you agree or disagree $w$ the accounting concept applied $($if you agree$)$ or violated $($if you disagree$).$

Wagner Corporation adjusted the valuation of all assets and liabilities to refl

Spooner Oil Company changed its method of accounting for oil and gas exp mention of the change was included in the financial statements. The change

Wei Manufacturing Company purchased machinery having a five$-$year life. Th of the machinery.

Rudeen Corporation purchased equipment for $$180,000$ at a liquidation sale $$230,000,$ Rudeen valued the equipment in its subsequent balance sheet at $

Davis Bicycle Company received a large order for the sale of $1,000$ bicycles at amount of $$100,000$ on March $15.$ However, Davis did not record any revenue the customer.

Ganesh Corporation purchased two small calculators at a cost of $$32\mathrm{.}00.$ The c they had a three$-$year estimated useful life.

Taboye Company provides financial statements to external users every three ye