chevychev
Jan 31, 2011, 09:43 AM
When the estimate of an assets useful life is changed,
a) depreciation exp for all past periods must be recalculated.
b) there is no change in the amount of depreciation exp recorded for future yrs
c) only the depreciation exp in the remaining yrs is changed
d) none of the above are true
a) depreciation exp for all past periods must be recalculated.
b) there is no change in the amount of depreciation exp recorded for future yrs
c) only the depreciation exp in the remaining yrs is changed
d) none of the above are true