When depreciation rates are revised,only the remaining years of the asset's life are affected by the new computation.

Question

Quizplus · Accepted Answer

When depreciation rates are revised, it only affects the future depreciation calculations of the asset. The historical depreciation already taken will not be affected, and only the remaining useful life of the asset will be recalculated with the new depreciation rate. This means that option A is true.

When Depreciation Rates Are Revised,only the Remaining Years of the Asset's