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When a company increases the estimated useful life of a PP&E asset a. It will recognize less total depreciation expense than it originally planned. Obiit

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When a company increases the estimated useful life of a PP&E asset a. It will recognize less total depreciation expense than it originally planned. Obiit must revise depreciation expense for future periods only Oc. It must disclose the change in estimate but depreciation expense will not change Od. It is admitting it made a mistake and needs to correct the financial statements affected by this mistake

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