A change in the salvage value of a depreciable asset should be accounted for as a:

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A change in the salvage value of a depreciable asset is a change in accounting estimate, which is a change in accounting policy that requires prospective application. This means that the change should be reflected in current and future periods, but not in prior periods, and should not be accounted for as a correction of an error or a change in accounting principle.

A Change in the Salvage Value of a Depreciable Asset