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For the year 2022, ABC decided to change the useful life of several of its equipment. That change will cause MultipleChoice a. A gain or
For the year 2022, ABC decided to change the useful life of several of its equipment. That change will cause MultipleChoice a. A gain or loss per discontinued item. b. A loss that will be reported under other expenses in the statement of income and expenses. c. That it be accounted for prospectively in the books. d. An adjustment in books from previous years (prior period adjustment)
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