After a firm determines an asset's useful life and salvage value , can they be changed? Explain.

Question:

After a firm determines an asset's useful life and , can they be changed? Explain.
Salvage Value
Salvage value is the estimated book value of an asset after depreciation is complete, based on what a company expects to receive in exchange for the asset at the end of its useful life. As such, an asset’s estimated salvage value is an important...