Each of the following is used in computing revised annual depreciation for a change in estimate except

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; instead, the book value at the time of the estimate change, less any salvage value, divided by the remaining useful life, is used to calculate the new depreciation expense.

Each of the Following Is Used in Computing Revised Annual