Question 15 0.5 pts DEF Co. discloses that in 2012, it changed the depreciable life of its equipment from 3 years to 15 years. Equipment represents a substantial component of the company's assets. The company's disclosures indicate that the change is permissible under the accounting standards of its jurisdiction but provide only limited explanation of the change. Which of the following is correct? The change of useful life would increase the firms CFO. No answer text provided. The change of useful life would increase the firms pretax income. As the change is permissible, we cannot assert that the quality of the financial report is low