Which of the following is not a reason to revise the amount of depreciation expense? A)Change in estimated useful life B)Permanent decline of an asset's fair market value below book value C)Change in estimated residual value D)incurrence of a capital expenditure associated with a plant asset

Question

Quizplus · Accepted Answer

A permanent decline of an asset's fair market value below book value is typically addressed through an impairment loss, not by revising depreciation expense.

Which of the Following Is not a Reason to Revise