Loading acctg211..

Changes During Usage

Remember that, when an asset is purchased, the only fact you know for sure is its cost. You estimate the useful life, and estimates are not always correct. What if the estimated life changes?

An adjustment can be made over the remaining lifetime using the current book value (BV). You are not required to go back and make any changes to prior years.

Please use a modern browser to view our website correctly. Update my browser now