ppt课件-spicelandintermediatechapter20.pptVIP

* For each of the remaining three years of the equipment’s life (2009, 2010, 2011), the adjusting entry for depreciation is the same. We debit depreciation expense and credit accumulated depreciation for $8,000,000. Note that the prospective approach used for this accounting change affected only 2009, the year of the change, and 2010 and 2011. There was no restatement of prior years’ depreciation for 2007 and 2008. * A reporting entity can be a single company or a group of companies that reports a single set of consolidated financial statements. A change in reporting entity occurs as a resul