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Once the estimated depreciation expense for an asset is calculated: Multiple Choice Any changes are accumulated and recognized when the asset is sold. The estimate

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Once the estimated depreciation expense for an asset is calculated: Multiple Choice Any changes are accumulated and recognized when the asset is sold. The estimate itself cannot be changed; however, new information should be disclosed in financial statement footnotes. () It may be revised based on new information. It cannot be changed, based on the historical cost principle. O O It cannot be changed, based on the consistency principle

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