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What are the estimates when calculating depreciation? Which estimates may be revised? What happens when you make a change in estimate? How the change affects

  1. What are the estimates when calculating depreciation?
  2. Which estimates may be revised?
  3. What happens when you make a change in estimate?
  4. How the change affects future calculations?
  5. Provide a simple example (if you cannot find one, make up your own).
  6. Cite and give credit to the author that you are citing.

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When calculating depreciation there are several estimates that are typically taken into account These estimates include the useful life of the asset t... blur-text-image

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