Which of the following does not lead to a revision of an estimate of a company's depreciation expense?
A)A change in the estimated useful life.
B)A change in the estimated residual value.
C)Extraordinary repairs that significantly extend the asset's usefulness.
D)A change in the estimated maintenance costs.

Question

Quizplus · Accepted Answer

The amount of depreciation and amortization depends on three items: an asset's recorded cost,its estimated useful life,and its estimated residual value.When any one of these items changes,the amount of depreciation and amortization needs to change.

Which of the Following Does Not Lead to a Revision