How does an entity choose between depreciation methods

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Reference no: EM132781400

Problem 1: How should items of property, plant and equipment be measured at point of initial recognition?

Problem 2: How is cost determined?

Problem 3: What is meant by 'residual value' of an asset?

Problem 4: How does an entity choose between depreciation methods, for example, straightline versus diminishing balance models?

Reference no: EM132781400

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