Question 1 If a company increases the estimated useful life of a machine which is being depreciated, then the book value of the machine in that year will A. Increase as the annual depreciation will increase B. Increase as the annual depreciation will decrease c. Decrease as the annual depreciation will increase D. Decrease as the annual depreciation will decrease a b OOOO Decrease as the annual depreciation will decrease Decrease as the annual depreciation will increase Increase as the annual depreciation will decrease Increase as the annual depreciation will increase Question 2 The book value of a pop music copyright of a recording company is its A. Fair market value (FMV) Tarket B. Cost less Accumulated Depreciation C. FMV minus Accumulated Depreciation D. Cost less Accumulated Amortisation