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Discovery Manufacturing Company acquired machinery on January 1 , 2 0 0 7 which it depreciated under the straight - line method with an estimated

Discovery Manufacturing Company acquired machinery on January 1,2007 which it depreciated under the straight-line method with an estimated useful life of fifteen years and no salvage value. On January 1,2013, Discovery estimated that the remaining life of this machinery beginning in 2013 would now be nine years, with no salvage value. How should this change be accounted for by Discovery?

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