A revision of an estimate which will extend the asset's useful life is called a change in accounting:
A) theory.
B) policy.
C) procedure.
D) estimate.

Name: A revision of an estimate which will extend the asset's useful life is called a change in accounting: A) theory. B) policy. C) procedure. D) estimate.
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Quizplus · Accepted Answer

A revision that extends an asset's useful life is considered a change in accounting estimate, as it involves adjusting the expected future benefits from the asset.

A Revision of an Estimate Which Will Extend the Asset's