Question 1 (1 point) If disposal of a plant asset occurs during the year, depreciation is 1) not recorded for the year. from O2) recorded for the whole Year. 3) recorded for the fraction of the year to the date of the disposal. 4) not recorded if the asset is scrapped. Question 3 (1 point) A change in the estimated useful life of equipment requires = 3: 1) a retroactive change in the amount of periodic depreciation recognized in previous years. 2) that no change be made in the periodic depreciation so that depreciation amounts are comparable over the life of the asset. 3) that the amount of periodic depreciation be changed in the current year and in future years. ge 4: 4) that income for the current year be increased. REIMAGE: Suggested