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Home Q & A Board Other Fields Homework Help Business Accounting
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_valmarie _valmarie
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5 years ago
When a firm changes only the estimated residual value of equipment,
A) Depreciation must be recomputed for each previous year based on the new residual
B) The remaining book value, reduced by the new residual value, is the basis for subsequent
depreciation
C) The original cost, reduced by the new residual value, is the basis for subsequent
depreciation
D) No adjustment is needed
Textbook 
Intermediate Accounting, Volume 2

Intermediate Accounting, Volume 2


Edition: 5th
Authors:
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emily8694emily8694
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5 years ago
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_valmarie Author
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#2
5 years ago
Appreciate the effort, thank you!
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