Question: Time left 0 : 4 4 : 3 6 uestion 7 ot yet The estimated life of a building that has been depreciated for 3
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The estimated life of a building that has been depreciated for years of an originally estimated
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life of years has been revised to a remaining life of years. Based on this information,
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a adjust accumulated depreciation to its appropriate balance, through net income, based on a year life, and then, depreciate the adjusted book value as though the estimated life had always been years.
b depreciate the remaining book value over the remaining life of the asset.
c continue to depreciate the building over the original year life.
d adjust accumulated depreciation to its appropriate balance through retained earnings, based on a year life, and then, depreciate the adjusted book value as though the estimated life had always been years.
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