Question: If a business changes the estimated useful life or estimated residual value for a plant asset, what must the business do in regards to depreciation

If a business changes the estimated useful life or estimated residual value for a plant asset, what must the business do in regards to depreciation expense?

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If a business changes the estimated useful life, or estimated residual value, of a plant asset, depreciation expense must be recalculated.

If a business changes the estimated useful life or estimated residual value for a plant asset, what must the business do in regards to depreciation expense?

If a business changes the estimated useful life or estimated residual value of a plant asset, what must the business do in regard to depreciation expense?

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