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    Principles of Financial Accounting Study Set 1
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    Exam 9: Long-Lived Assets
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    A Change in the Estimated Residual Value of a Long-Lived
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A Change in the Estimated Residual Value of a Long-Lived

Question 126

Question 126

True/False

A change in the estimated residual value of a long-lived asset requires a restatement of prior years' depreciation.

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