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How do you account for a change in estimate

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When changing the estimate of the useful life of an asset, should depreciation expense for all the previous years be recalculated? If not, how do you account for a change in this estimate?

Reference no: EM13538491

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How do you account for a change in estimate : When changing the estimate of the useful life of an asset, should depreciation expense for all the previous years be recalculated? If not, how do you account for a change in this estimate?
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