Alright, I know this is the Mathematics group but I need help on a few ACCOUNTING questions. No one was helping me in that specific group. So is anyone able to answer some questions with me? :)
i can try to help. cant promise ill be any good.
@tristanwhitmire Thank you. The first question is; Salvage value was ignored when originally calculating the units-of-production depreciation. This error would cause A. the period’s net income to be overstated. B. the period’s net income to be understated. C. the period end assets to be overstated. D. None of the above
i would say its either a or b but im not 100%
i will say that a lot of times in multiple choice they make the answers similar to tell you the answer. 2 answers say "the periods net income" and 2 say overstated so by that reasoning it would be A. but that could also be wrong
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