View Policies Current Attempt in Progress Imporia Container Lid is suffering from declining sales of its main product, non biodegradable plastic carton The president, Benny Benson, instructs is controller. Yeoh Siew Hoon, to change estimates relating to a processing line of automated plastic extruding equipment, purchased for million in January 2016. The equipment was originally estimated to have a w ife of five years and a residual value of $200,000 and straight-line depreciation has been recorded for two years on that basis. Benny wants the estimated useful life changed to a total of seven years and the residual value raised to $500.000 in order to reduce the annual depreciation expense Yeoh Sewishesitant to make the change believing in propriate to manage profits in this way Benny says munder a lot of pressure from the shareholders to maximize net income. Don't you want your bonus, which is based on the income to be as high as possible Just go head and make the change the useful life and residual value are only an estimateway Who are the stakeholders in this situation? Wil Benny Benson's proposed change increderea or not the income in 2017 2018 eTextbook and Media What impact will the proposed change in and mover ratios? fe and residual value have on the company's profit margin BIVT TIE - Discuss whether the proposed change described above is nothical or simply a good business practice by an astute president eTextbook and Media Attempts of 10 used Sveforber Substwer