pletion Status: Moving to the next question prevents changes to this answer. uestion 4 When there is a change made to the useful life of an asset: it must be recognised as a change in an accounting estimate and the impact of the reported change must be disclosed in the netes to me it must be recognised as an error and all previous financial statements must be restated. it must be recognised as an error and opening retained earnings and opening balances of the asset must be restated it is recognised as a change in an accounting estimate and the opening retained earnings and opening balances of the asset must be rester Moving to the next question prevents changes to this answer. Apr 21 2021 15:42:02 GMT+1000 (AEST) 1 Apr 2021 05:42:02 GMT MacBook Air pletion Status: Moving to the next question prevents changes to this answer. uestion 4 When there is a change made to the useful life of an asset: it must be recognised as a change in an accounting estimate and the impact of the reported change must be disclosed in the netes to me it must be recognised as an error and all previous financial statements must be restated. it must be recognised as an error and opening retained earnings and opening balances of the asset must be restated it is recognised as a change in an accounting estimate and the opening retained earnings and opening balances of the asset must be rester Moving to the next question prevents changes to this answer. Apr 21 2021 15:42:02 GMT+1000 (AEST) 1 Apr 2021 05:42:02 GMT MacBook Air