IFRS Specify That Depreciation Is the Term to Be Used

question 73

True/False

IFRS specify that depreciation is the term to be used, whereas ASPE allow both amortization and depreciation to be used.

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Definitions:

Arithmetic Operations

Basic mathematical operations such as addition, subtraction, multiplication, and division.

Logical Operations

Operations based on Boolean logic that return true or false, commonly used in conditions and loops.

Central Processing Unit

The primary component of a computer that performs most of the processing inside a computer by executing instructions from programs and apps.

CPU

Central Processing Unit, the primary component of a computer that performs most of the processing inside a computer.