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When calculating depreciation of Plant, Property and Equipment, estimates must be made related to the service of life of each individual asset and the asset’s salvage value that will remain at the end of useful life.

A change in estimate is the revision of an original estimate because of
Select Option new informationa new purchase
. It is reported
Select Option prospectivelyretrospectively
on the financial statements of
Select Option prior period comparative financial statementscurrent and future periods
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