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(20) Which of the following statements regarding depreciation is correct? A All non-current assets must be depreciated. B Straight line depreciation is usually the most
(20) Which of the following statements regarding depreciation is correct? A All non-current assets must be depreciated. B Straight line depreciation is usually the most appropriate method of depreciation. C A change in the chosen depreciation method is accounted for retrospectively, with all previous depreciation charges reversed and recalculated. D Depreciation charges must be based on the carrying amount of an asset (less residual value if appropriate)
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