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Tomm Tomm
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4 years ago
A revision of an estimate which extends the asset's useful life:
A) is ignored until the last year of the asset's life
B) requires restatement of prior years' financial statements
C) increases depreciation expense and decreases owners' equity
D) decreases depreciation expense and increases owners' equity
Textbook 

Financial Accounting, Canadian Edition


Edition: 5th
Authors:
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msayed2004msayed2004
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4 years ago
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