When changing the estimate of the useful life of an asset, should depreciation expense for all the

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When changing the estimate of the useful life of an asset, should depreciation expense for all the previous years be recalculated? If not, how do you account for a change in this estimate?

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Accounting concepts and applications

ISBN: 978-0538745482

11th Edition

Authors: Albrecht Stice, Stice Swain

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Question Posted: Dec 30, 2011 04:50 AM

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When changing the estimate of the useful life of an asset, should depreciation expense for all the

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Accounting concepts and applications

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