It just needs to prospectively change the estimated amount to book to depreciate each month. Salvage value is the estimated book value of an asset after depreciation is complete, based on what a company expects to receive in exchange for

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He is the sole author of all the materials on AccountingCoach.com. For context, the central bank began steadily raising its benchmark funds rate in early 2022 in an attempt to slow climbing inflation following the height of the COVID-19 pandemic.

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