A Change in the Estimated Useful Life of Equipment Requires

Multiple Choice

A change in the estimated useful life of equipment requires

A) a retroactive change in the amount of depreciation recognized in previous years.
B) that no change be made to depreciation calculations, so that depreciation expense amounts are comparable over the life of the asset.
C) that the amount of depreciation expense be changed in the current and future years.
D) that profit for the current year be increased.