To revise depreciation expense,the accountant should compute depreciation expense using the asset's remaining book value,its useful life,and its new residual value.

Name: To revise depreciation expense,the accountant should compute depreciation expense using the asset's remaining book value,its useful life,and its new residual value.
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Quizplus · Accepted Answer

This is correct since depreciation is based on the asset's remaining book value, useful life and new residual value.

To Revise Depreciation Expense,the Accountant Should Compute Depreciation Expense Using