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If a Business Changes the Estimated Useful Life,or Estimated Residual

question 146

True/False

If a business changes the estimated useful life,or estimated residual value,of a plant asset,depreciation expense must be recalculated.


Definitions:

Query Design View

An interface in database systems that allows users to create and modify queries visually by arranging tables, columns, and specifying criteria without writing SQL code.

Employers Table

A table typically found in databases that stores information related to employees or individuals employed by an organization.

Subdatasheets

A feature in Microsoft Access that allows a nested table to be displayed within the main table, used to show related records.

Totals Button

A feature in database and spreadsheet software that automatically calculates and displays the total for selected numeric fields in a dataset.

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