To Determine a New Depreciation Amount After a Change in Estimate

question 180

True/False

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

---

Definitions:

Videotape

An outdated medium for recording and playing back visual and audio information using magnetic tape, now largely replaced by digital storage formats.

Informal Level

The degree or context of interaction that is casual, unstructured, and often outside of official channels or environments.

Unconsciously Learned

Skills or behaviors acquired without deliberate effort or awareness, often through implicit learning or observation.

Emblems

Non-verbal cues or gestures that have a specific, widely understood meaning within a particular culture or group.