Question

a machine originally had an estimated useful life of 8 years, but after 3 complete years, it was decided that the original estimate of useful life should have been 14 years. at that point the remaining cost to be depreciated should be allocated over the remaining: multiple choice 14 years. 8 years. 9 years. 5 years. 11 years.

Answer 1

At that point, the remaining depreciated should be spread out over the following 9 years.

How does depreciation work?

to reduce a product's cost or assessed worth. Deducting from taxable income over a period of years a portion of a original outlay of (a business element) as the asset's value declines. verb intransitive: to decrease in value.

Depreciated assets are what?

What Is an Asset With Full Depreciation? A property, plant, or piece of machinery (PP&E) that is fully depreciated only has a salvage value for accounting reasons. Anytime an asset is capitalised, its cost is written off over a period of time in accordance with a depreciation schedule.

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