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Business, 19.11.2019 04:31 love0000

Achange in the estimated useful life of equipment requiresa. a retroactive change in the amount of periodic depreciation recognized inprevious years. b. that no change be made in the periodic depreciation so that depreciationamounts are comparable over the life of the asset. c. that the amount of periodic depreciation be changed in the current year andin future years. d. that income for the current year be increased.

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