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Which accounting standard requires companies to disclose their depreciation methods?

Practice Questions

1 question
Q1
Which accounting standard requires companies to disclose their depreciation methods?
  1. IFRS
  2. GAAP
  3. Both IFRS and GAAP
  4. Neither IFRS nor GAAP

Questions & Step-by-step Solutions

1 item
Q
Q: Which accounting standard requires companies to disclose their depreciation methods?
Solution: Both IFRS and GAAP require companies to disclose their depreciation methods in the financial statements.
Steps: 0

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