KEC has a machine that cost $75,000 (no residual value)that was being depreciated over a 15-year estimated life,using SL.On the basis of more experience,during the 9^th year,management decided to use a revised total estimate of 20 years.
(a)What kind of accounting change does this represent? __________.
(b)Give entry in 9^th year to reflect the change; if none is required,explain.
(c)Give the depreciation entry (year-end adjusting entry)for the 9^th year.Show computations.

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The Answer of KEC has a machine that cost $75,000 (no residual value)that was being depreciated over a 15-year estimated life,using SL.On the basis of more experience,during the 9^th year,management decided to use a revised total estimate of 20 years. (a)What kind of accounting change does this represent? __________. (b)Give entry in 9^th year to reflect the change; if none is required,explain. (c)Give the depreciation entry (year-end adjusting entry)for the 9^th year.Show computations.

KEC Has a Machine That Cost $75,000 (No Residual Value)that