Accounting Treatment upon Changes in Useful Life Due to rapid technological advances, the management had decided that changes need to be made to the expected useful life of a software, "Zeekee'. The software has been subjected to annual amortization of RM40,000 since it was acquired on 1 July 2017 at a cost of RM800,000. On 31 December 2019, the management decided that the software would benefit the company for only 10 more years. Required: Discuss the effect of the changes in the useful life of the software