For the past several years, an audit client has bought company vehicles and depreciated them over a 10-year period. In the current year, the company determined that a more realistic estimated life for these vehicles is 8 years. Of course, this change increased the amount of current year depreciation and company fully disclosed this change in their footnotes. What audit opinion will you issue?

Answer rating: 100% (QA)

In this scenario the change in the estimated useful life of the company vehicles from 10 years to ... View the full answer