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Change in Estimate: Depreciation
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Problem 8
Change in Estimate: Depreciation
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8. Long Lived Assets / Change in Estimate: Depreciation / Problem 8
Problem 8
How is accumulated depreciation calculated before a change in estimate occurs?
A
By subtracting the salvage value from the initial cost.
B
By summing the annual depreciation expenses recorded up to the date of change.
C
By multiplying the initial cost by the number of years passed.
D
By dividing the initial cost by the useful life.
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