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When a change in estimate occurs with the salvage value of a piece of equipment, the company should Question7options: retrospectively adjust prior years depreciation and

When a change in estimate occurs with the salvage value of a piece of equipment, the company should

Question 7 options:

retrospectively adjust prior years depreciation and accumulated depreciation

continue using the original estimate

adjust beginning-of-period retained earnings.

adjust current year's depreciation and future depreciation calculations

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