The amortization expense of an asset can change for all of the following reasons except:
A)change in the estimated useful life.
B)change in the asset's expected residual value.
C)increases due to additions to the asset for major repairs and improvements.
D)increase in the asset due to regular repairs and maintenance.

Question

Quizplus · Accepted Answer

Regular repairs and maintenance do not affect the estimated useful life or residual value of an asset, so they do not affect the amortization expense. However, additions for major repairs and improvements, changes to the estimated useful life or residual value, and other factors can impact the amortization expense.

The Amortization Expense of an Asset Can Change for All