Estimating _____ presents the most difficult task in the depreciation and amortization calculation.A change in this estimate will change the depreciation and amortization amounts going forward.
A)disposal costs
B)salvage value
C)acquisition costs
D)service lives
E)ordinary wear and tear from use

Question

Quizplus · Accepted Answer

Service life refers to the length of time an asset is expected to be used before being disposed of or replaced. It is difficult to estimate the service life accurately because it depends on several factors such as physical wear and tear, technological obsolescence, and economic factors. A change in service life will impact the depreciation and amortization amounts going forward.

Estimating _____ Presents the Most Difficult Task in the Depreciation