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A machine originally had an estimated useful life of 11 years, but after 4 complete years, it was decided that

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A machine originally had an estimated useful life of 11 years, but after 4 complete years, it was decided that the original estimate of useful life should have been 16 years. At that point the remaining cost to be depreciated should be allocated over the remaining:
a.  2 years.
b.  5 years.
c.  12 years.
d.  8 years.
e.  10 years.

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Answer rating: 100% (QA)

The correct answer is 12 years The remaining cost is to be deprecia View the full answer


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Intermediate Accounting

Intermediate Accounting

ISBN: 978-0470587287

14th Edition

Authors: kieso, weygandt and warfield.

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Posted Date: January 18, 2021 01:31:32
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