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Question 9 Once the depreciation expense for an asset is calculated: OA. Any changes in estimates are accumulated and recognized when the asset is

Question 9 Once the depreciation expense for an asset is calculated: OA. Any changes in estimates are accumulated and recognized when the asset is sold. OB. It may be revised based on changes in estimates or new information. OC. It cannot be changed due to the historical cost principle. OD. The estimates such as years of useful life cannot be changed.

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