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Which of the following statements is not true? Multiple Choice The physical flow of goods always determines the choice of depreciation method a company chooses.
Which of the following statements is not true? Multiple Choice The physical flow of goods always determines the choice of depreciation method a company chooses. Inventory that is sold is recorded as Cost of Goods Sold on the Income Statement. The Specific Identification method is generally used for high cost inventory. A company's depreciation expense recorded in their financial statements can be different than that reported for income tax
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