Which of the Following Statements Concerning Accounting for Depreciation and Depletion

question 30

Multiple Choice

Which of the following statements concerning accounting for depreciation and depletion in an estate is not true?

• A)​For any depreciation taken, an equal amount of income maybe transferred to principal.
• B)​Depreciation is a calculated on a basis other than GAAP.
• C)​Depletion is generally taken for wasting assets.
• D)All of the above.​

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