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Description of the depreciation methods applicable

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Reference no: EM132592169

Question 1: A general description of the depreciation methods applicable to major classes of depreciable assets

Option 1: is not a current practice in financial reporting.

Option 2: is not essential to a fair presentation of financial position.

Option 3: is needed in financial reporting when company policy differs from income tax policy.

Option 4: should be included in corporate financial statements or notes thereto.

Reference no: EM132592169

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