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21 1.5 points A firm has been depreciating an asset for a period of time. They realize that the original estimate for the useful life

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21 1.5 points A firm has been depreciating an asset for a period of time. They realize that the original estimate for the useful life of the asset is too short. What should they do? Apply a change in accounting estimates by impairing the asset Panic Apply a change in accounting estimates prospectively Apply a change in accounting estimates retroactively Impairment of PPE

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