Fabulous Creations the Assets Section of the Company's Balance Sheets for the for the Years

question 21

Essay

Fabulous Creations
The assets section of the company's balance sheets for the years ended December 31, 2020 and 2019, is provided below.
-Refer to Fabulous Creations. In the notes to the financial statements, the company indicates that it uses different depreciation methods for different types of plant and equipment assets. Explain why the company might follow this policy.

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Definitions:

ICD-9-CM

International Classification of Diseases, Ninth Revision, Clinical Modification; a medical classification list for coding diseases, symptoms, and procedures.

ICD-10-CM

International Classification of Diseases, Tenth Revision, Clinical Modification; a system used by healthcare providers to classify and code all diagnoses, symptoms, and procedures.

Always At Least 3 Characters

A requirement in data input or programming that asserts a string or input must contain a minimum of three characters.

ICD-9-CM

The International Classification of Diseases, Ninth Revision, Clinical Modification, a system used in the United States for coding and classifying morbidity data until replaced by ICD-10-CM.