When a Change in Estimate Is Made, There Is No

question 197

True/False

When a change in estimate is made, there is no correction of previously recorded depreciation expense.

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Definitions:

Secondary Information

Data that has been collected previously by someone else, used for research or analysis.

Primary Data

Data that is collected firsthand by the researcher for a specific research purpose or project.

Tertiary Data

Information that has been collected and processed from secondary sources rather than obtained directly from original sources.

Secondary Data

Information that has been collected previously by someone else, used for research purposes other than the original intent.