Which One of the Following Statements Is True

question 103

Multiple Choice

Which one of the following statements is true?

• A)Financial statement readers cannot determine whether the depreciation method used by a company is appropriate.
• B)Financial statement readers can determine the useful lives of assets depreciated during the reported period.
• C)Financial statement readers cannot determine the depreciation expense for the reported period.
• D)Financial statement readers can accurately estimate the effect an alternative depreciation method would have on income.