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How the change should be accounted for

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Question 1: On January 1, 2015, Rabbit Corp. acquired machinery that it depreciated using the straight-line method with an estimated useful life of 15 years and no residual value. On January 1, 2020, Rabbit estimated that the remaining life of this machinery was six years with no residual value. How the change should be accounted for

Reference no: EM132592170

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