Question 8. Question: A machine originally had an estimated useful life of 5 years, but after 3 complete years, it was decided that the original estimate of useful life should have been 10 years. At that point the remaining cost to be depreciated should be allocated over the remaining:
2 years 5 years 7 years 8 years 10 years Question 9. Question: Obsolescence:
useful life
Occurs when an asset is at the end of its
$ 36 $ 42 $ 252 $ 180 $ 420
Question 8. Question: A machine originally had an estimated useful life of 5 years, but after 3 complete years, it was decided that the original estimate of useful life should have been 10 years. At that point the remaining cost to be depreciated should be allocated over the remaining:
2 years 5 years 7 years 8 years 10 years Question 9. Question: Obsolescence: