The Appleton Company purchases a building and compiles a double$-$declining balance depreciation schedule to use for the building$$s $50-$year life. After $30$ years, the estimate of the salvage value changes. Based on this information, in the $31$st year, the accountant should:

Question $23$Select one:

a$.$

Adjust the amount of depreciation in future periods by subtracting the salvage value from the remaining book value before determining the amount of depreciation.

b$.$

Make an adjustment to accumulated depreciation and retained earnings to reflect the amount that would have been depreciated if the new salvage value had been subtracted from the book value in calculating the amount of depreciation

c$.$

Make an adjustment to accumulated depreciation and net income to reflect the amount that would have been depreciated if the new salvage value had been subtracted from the book value in calculating the amount of depreciation

d$.$

Depreciate the building based on the amount in the compiled depreciation schedule.