Of course, there’s no ideal software, but you can always get the one that flawlessly brings together robust capabilitiess, straightforwardness, and affordable cost. When it comes to online document management, DocHub provides such a solution! Suppose you need to Change account in Salvage Agreement Template and manage paperwork efficiently and quickly. If so, this is the appropriate editor for you - complete your document-related tasks at any time and from anywhere in only a couple of minutes.
In addition to rich functionality and straightforwardness, price is another great advantage of DocHub. It has flexible and cost-effective subscription plans and allows you to try our service for free during a 30-day trial. Try it out today!
in this video Im gonna show you how to account for a change in accounting estimate so estimates are a big part of accounting managers have to estimate how much bad debt therell be what will be the useful life and salvage value of any property plant equipment what kind of warranty liabilities will the company have and so theyre going to make mistakes because the estimates are gonna be off and so were gonna have to make adjustments and revisions from time to time when we learn that our estimate was not right and so what were gonna do is were gonna use something called prospective application which is basically we just fixed the mistake and we move forward okay so we dont go back and restate the prior periods financial statements if we just learned that oh okay the useful life of this property plant equipment is going to be 20 years instead of 16 years we make the change we figure out what the new depreciation is gonna be and that going forward thats the amount of depreciation we