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On 1-1-2019, the Jordanian company purchased an asset with a value of 100,000 dinars, and its useful life at that time was estimated at 4
On 1-1-2019, the Jordanian company purchased an asset with a value of 100,000 dinars, and its useful life at that time was estimated at 4 years, and the value was estimated The remaining (scrap) was zero and was depreciated according to the sum of years method. When preparing the financial statements for the year 2020, the management decided Use the straight-line method if you know that the tax rate is 15% on the company Required: Calculate the financial impact of the change in accounting policy
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