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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uestion 7
ot yet
The estimated life of a building that has been depreciated for 30 years of an originally estimated
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life of 50 years has been revised to a remaining life of 10 years. Based on this information,
oints out of the
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accountant shoulas
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a. adjust accumulated depreciation to its appropriate balance, through net income, based on a 40-year life, and then, depreciate the adjusted book value as though the estimated life had always been 40 years.
b. depreciate the remaining book value over the remaining life of the asset.
c. continue to depreciate the building over the original 50-year life.
d. adjust accumulated depreciation to its appropriate balance through retained earnings, based on a 40-year life, and then, depreciate the adjusted book value as though the estimated life had always been 40 years.
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