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Which one of the following statements is an advantage of the group and composite methods of depreciation? Record keeping is simplified. Losses are not recognized
Which one of the following statements is an advantage of the group and composite methods of depreciation?
Record keeping is simplified.
Losses are not recognized in the period in which they occur.
Gains are deferred beyond the period in which they actually occurred.
Faulty estimates are concealed for long periods.
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