To determine a new depreciation amount after a change in estimate of a plant asset's useful life the asset's remaining depreciable cost is divided by its remaining useful life.

Name: To determine a new depreciation amount after a change in estimate of a plant asset's useful life the asset's remaining depreciable cost is divided by its remaining useful life.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This is the correct method for determining a new depreciation amount after a change in estimate of a plant asset's useful life.

To Determine a New Depreciation Amount After a Change in Estimate