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Question 4 When a company decreases its estimate of salvage value Periodic depreciation expense will decrease. it is admitting it made a mistake and needs
Question 4 When a company decreases its estimate of salvage value Periodic depreciation expense will decrease. it is admitting it made a mistake and needs to correct the financial statements affected by this mistake. it will recognize a greater amount of total depreciation expense than it originally planned. It must disclose the change in estimate but depreciation expense will not change. Save Ante 2 points Companies and are retailers in the sporting goods industry. During a recent year. As inventory turnover was 6.5, while B's was 10.6. From these facts, we can conclude that a. A's measure of Days in Inventory is higher than BK b. Bis doing a better job of managing inventory than a CB has higher COGS than a d. 8 holds less inventory than a Moving to another question will save this response
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