Match each item below with the most appropriate definition. The process of changes in accounting estimates being applied to future periods. Depreciation The process of allocating the difference between a tangible asset's purchase price and its residual or salvage value in a systematic and rational manner to each period benefited by the asset. [Choose ] Prospective Depreciation None of the other an Retrospective Service Life The process of an error in accounting being applied as a prior period adjustment. The amount of use that a company expects from an asset before its disposal; measured over time or activity, [Choose ]