To Determine a New Depreciation Amount After a Change in Estimate

question 20

True/False

To determine a new depreciation amount after a change in estimate of a long-term asset's useful life, the asset's remaining depreciable cost is divided by its remaining useful life.

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Definitions:

Pharynx

The pharynx is a muscular tube that connects the nasal and oral cavities to the esophagus and larynx, playing a key role in the respiratory and digestive systems.

Nasal Conchae

These are long, narrow, curled shelves of bone that protrude into the nasal cavity, increasing its surface area.

Epiglottis

A leaf-shaped flap of cartilage located behind the tongue, at the top of the larynx, which prevents food from entering the airways during swallowing.