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Which of the following statements are true? Multiple select question. Different companies may use different depreciation methods for identical assets. Companies are required to disclose
Which of the following statements are true?
Multiple select question.
Different companies may use different depreciation methods for identical assets.
Companies are required to disclose not only the amount of depreciation, but also the methods they use to calculate it
One designated salvage value must be used for identical assets.
All companies must assume the same useful life when computing depreciation expense of a specific type of asset.
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