Which of the following statements about the accounting for depreciation are true? (Select all that apply.) Check All That Apply GAAP requires that each component of an item of property, plant, and equipment must be depreciated separately. IFRS and GAAP require an annual review of estimated residual values. IFRS requires that each component of an item of property, plant, and equipment must be depreciated separately if its cost is significant in relation to the total cost of the item. U.S. GAAP and IFRS determine depreciable base in the same way