Quiz Ch 03 – Besley Golf Equipment
Fundamentals of Financial Management, Concise
Brigham and Houston
09th Edition
If Besley Golf Equipment, which started operations on January 1, 2015, initially intended to depreciate its fixed assets over 15 years but later realized a 10-year useful life, how would this new depreciation assumption influence the company’s financial statements? The company uses the same depreciation for both shareholder reporting and income tax purposes.