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Once the estimated depreciation expense for an asset is calculated: It may be revised based on new information. Any changes are accumulated and recognized when

Once the estimated depreciation expense for an asset is calculated:

It may be revised based on new information.

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 cannot be changed, based on the consistency principle

It cannot be changed, based on the historical cost principle.

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