Depreciation Estimates Langsom's Mfg. is planning for a new project. Usually, Langsom's depreciates long-term equipment for ten years. The equipment for this project is specialized and will have no further use at the end of the project in three years. The manager of the project wants to depreciate the equipment over the usual ten years and plans on writing off the remaining book value at the end of Year 3 as a loss. You believe that the equipment should be depreciated over the three-year life. Required: Which method do you think is conceptually better? What should you do if the manager insists on depreciating the equipment over ten years? match the cost evenly will result in the total cost of the asset being recorded on the income statement over the life of the asset. However, depreciating the asset preferable because it over the asset's life. You should try to convince the manager that it correct to depreciate the asset over a longer life and then record a large loss in the third year