1. When reviewing the books, the accountant discovered that depreciation expense was recorded as $8,000 earlier in the year when it should be only $6,000. Prepare any necessary entries.

2. When reviewing the books, the accountant discovered that depreciation expense was recorded as $8,000 earlier in the year when it should be only $6,000. The estimated useful life of the asset had been revised from 3 years to 4 years. What is the underlying cause of this change?

a.

An error

b.

A change in policy

c.

A change in estimation