A Machine Originally Had an Estimated Service Life of 5

question 74

Multiple Choice

A machine originally had an estimated service life of 5 years, and after 3 years, it was decided that the original estimate should have been for 10 years. The remaining cost to be depreciated should be allocated over the next:

• A) 2 years.
• B) 10 years.
• C) 6 years.
• D) 7 years.
• E) 5 years.

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