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Question 14 When a company revises its estimate of salvage value It must revise depreciation expense for future periods. It is admitting it made a

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Question 14 When a company revises its estimate of salvage value It must revise depreciation expense for future periods. It is admitting it made a mistake and needs to correct the financial statements affected by this mistake. It will recognize the same amount of total depreciation expense as it originally planned. It must disclose the change in estimate but depreciation expense will not change

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