A machine originally had an estimated useful life of 6 years,but after 4 complete years,it was decided that the original estimate of useful life should have been 10 years.At that point the remaining cost to be depreciated should be allocated over the remaining:
A)2 years.
B)4 years.
C)6 years.
D)16 years.
E)10 years.

Question

Quizplus · Accepted Answer

After 4 years, the machine has 6 years remaining in its revised useful life (10 years total - 4 years already used). Therefore, the remaining cost should be allocated over these 6 years.

A Machine Originally Had an Estimated Useful Life of 6