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originally depreciated on the straight-line basis over its useful life and it was expected that the asset would have no residual value. No depreciation has
originally depreciated on the straight-line basis over its useful life and it was expected that the asset would have no residual value. No depreciation has been provided in the current period and tax implications can be ignored. REQUIRED (a)Prepare the journal entry to account for the change in accounting estimate. (b) Assuming that the change in accounting estimate had a material effect on financial performance for the period, prepare an appropriate supporting
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