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.

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