Georgio, Inc. decided to move its business from its current location to another larger plant. Management should examine the salvage value of the building in the future and the change in the useful life to see if a change in the depreciation of the current building is warranted.

Question

Quizplus · Accepted Answer

Management should consider changes in salvage value and useful life to determine if depreciation adjustments are necessary, as these factors affect the building's depreciation expense.