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Wildhorse Company purchased land and a building on January 1, 2022. Management's best estimate of the value of the land was $130,000 and of
Wildhorse Company purchased land and a building on January 1, 2022. Management's best estimate of the value of the land was $130,000 and of the building $260,000. However, management told the accounting department to record the land at $286,000 and the building at $104,000. The building is being depreciated on a straight-line basis over 15 years with no salvage value. Cavia Calculate the annual change in net income $ 6933 Why do you suppose management requested this accounting treatment? Is it ethical? not ethical It is likely that management requested this accounting treatment to increase the depreciation expense and this practice is
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