Which One of the Following Statements on IFRS Is Not

question 29

Multiple Choice

Which one of the following statements on IFRS is not true?

• A)Total depreciation for the period must be disclosed for each major class of asset.
• B)The useful lives for each major class of asset must be disclosed.
• C)The depreciation rates for each major class of asset must be disclosed.
• D)An explanation for the change in accumulated depreciation must be disclosed for each major class of asset.

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Definitions:

Confidence Interval

A statistical range, derived from sample data, that is likely to contain the true population parameter with a specified level of confidence.

Sample Size

The number of observations or data points collected in a sample.

Variable

An element, feature, or factor that is liable to vary or change.

Confidence Interval

A gamut of values, arising from sample statistic evaluation, with a high likelihood of encompassing the value of a mysterious population parameter.