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Describe the asset and identify a potential change in the

Identify a specific asset that could be significant to a business and perform the following:

1. Describe the asset and identify a potential change in the estimated life of this asset.

2. Analyze the impact this change would have on the financial reporting, specifically identifying the accounts and the financial statements where these impacts would be reported.

3. Evaluate whether you believe this change it ethical or not and why.

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Accounting Basics: Describe the asset and identify a potential change in the

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