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Mogo Manufacturing Company accounts for its inventories by the FIFO method.The company has consistently allocated building depreciation to production and general administration on the basis of the number of square feet occupied.According to the measurements used,manufacturing requires 90% of the square footage and general administration utilizes 10% of the total square feet.This year,2012,the accountant realized that 5 years ago an addition was made to the portion of the building used for general administration,and the depreciation allocation had not been adjusted.What are the tax accounting implications of this discovery?
Organizing Content
The process of structuring and arranging information in a logical and coherent manner for better understanding and navigation.
Verbal Cue
Signals or words used in communication that indicate the nature of the conversation or guide the listener's understanding.
Inflection
A change in the form of a word to express different grammatical functions or attributes such as tense, mood, voice, aspect, person, number, gender, and case.
Visual Cue
A signal or marker, often visual, that guides behavior, awareness, or actions by conveying information nonverbally.
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