TB MC Qu$.08-73($Static$)$ Once the estimated depreciation expense...

Once the estimated depreciation expense for an asset is calculated:

Multiple Choice

$$ It cannot be changed.

It may be revised to reflect changes in the asset's estimated salvage value or useful life.

Any changes are accumulated and recognized when the asset is sold.

Im $$ The estimate itself cannot be changed; however, new information should be disclosed in financial statement footnotes.

$$ It can be changed only if U$.$S$.$ tax law changes.