Ch8. Video 14 - Changes in Estimates example

The video tutorial explains how to handle changes in depreciation calculations for a copy machine at a pop-up company. Initially, the useful life of the machine is extended, requiring recalculations. Later, both the useful life and salvage value change, prompting further adjustments. The tutorial guides through these recalculations step-by-step, ensuring the depreciation expense aligns with the new parameters.

What new insight or understanding did you gain from this video?