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