Each of the following is used in computing revised annual depreciation for a change in estimate except
A) book value.
B) cost.
C) depreciable cost.
D) remaining useful life.

Question

Quizplus · Accepted Answer

Cost is not used in computing revised annual depreciation for a change in estimate because the original cost of the asset does not change when estimates such as useful life or salvage value are revised. The computation of revised depreciation typically involves the book value at the time of the estimate change, less any salvage value, spread over the remaining useful life.

Each of the Following Is Used in Computing Revised Annual