Which of the Following Is Not Correct About Component Depreciation

question 48

Multiple Choice

Which of the following is not correct about component depreciation?

• A)Component depreciation is required under IFRS.
• B)Component depreciation specifies that any significant parts of a depreciable asset that have different estimated useful lives should be separately depreciated.
• C)Component depreciation is not allowed under GAAP.
• D)All of the choices are correct.

---

Definitions:

Mobile

Capable of moving or being moved freely or easily.

Freshwater

Water that contains minimal amounts of dissolved salts, found in rivers, lakes, and streams, supporting a diverse range of plants and animals.

Hypotonic

Describes a solution with a lower concentration of solutes compared to another, resulting in water influx into cells.

Tissue Fluids

Fluids that surround the cells of tissues, providing nutrients and removing waste, also known as interstitial fluid.