A building that has been depreciated straight-line for 30 years (of an estimated life of 50 years) has the estimate of its salvage value changed.Based on this information, the accountant should:

Select one:

a.Depreciate the remaining book value over the remaining life of the asset, taking into account the new salvage value.

b.Continue to depreciate the building using the original salvage value.

c.Adjust accumulated depreciation to its appropriate balance, through net income, based on the new salvage value, and then depreciate the adjusted book value using the new salvage value.

d.Adjust accumulated depreciation to its appropriate balance, through retained earnings, based on the new salvage value, and then depreciate the adjusted book value using the new salvage value.