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Unformatted text preview: and that its salvage value will be $14,000 instead of $10,000. Prior financial statements are not changed when useful life or salvage value estimates change, but subsequent depreciation expense calculations must be based upon the new estimates of the truck's useful life and depreciable cost....
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This note was uploaded on 11/14/2011 for the course ACCT 1310 taught by Professor Staff during the Fall '10 term at Texas State.
- Fall '10