Consult Paragraphs 56 of PCAOB Auditing Standard No. 15. As an auditor, what type of evidence would

Question:

Consult Paragraphs 5–6 of PCAOB Auditing Standard No. 15. As an auditor, what type of evidence would you want to examine to determine whether Waste Management’s decision to change the useful life and of its assets was appropriate under GAAP? Discuss. 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...