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Management has decided to change the estimated useful life of a machinery but fails to disclose this change in the financial statements. This violation of
Management has decided to change the estimated useful life of a machinery but fails to disclose this change in the financial statements. This violation of GAAP can cause the information to be misleading because it lacks:
a Completeness.
b Confirmatory Value.
c Timeliness.
d Neutrality.
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