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A change in the estimated useful life of equipment requires that the amount of periodic depreciation be changed in the current year and in future
A change in the estimated useful life of equipment requires
| that the amount of periodic depreciation be changed in the current year and in future years. |
| that income for the current year be increased. |
| a retroactive change in the amount of periodic depreciation recognized in previous years. |
| that no change be made in the periodic depreciation so that depreciation amounts are comparable over the life of the asset. |
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