Which of the following is true when the estimate of an asset's useful life is changed?
A) The new estimate is ignored until the last year of the asset's life.
B) The depreciation expense in the prior year is restated.
C) Prior years' financial statements must be restated.
D) The asset's remaining depreciable book value will be spread over the asset's remaining life.
D
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An international company is an organization with multicountry affiliates, each of which formulates its own business strategy based on perceived market differences
a. true b. false
Ibis Paper Company prepared the following static budget for November
Static Budget Units/Volume 12,000 Per Unit Sales Revenue $21.00 $252,000 Variable Costs 8.00 96,000 Contribution Margin 156,000 Fixed Costs 13,000 Operating Income/(Loss) $143,000 If a flexible budget is prepared at a volume of 13,300 units, calculate the operating income at 13,300 units of production. The production level is within the relevant range. A) $172,900 B) $156,000 C) $143,000 D) $159,900