Which one of the following disclousures is required by generally accepted accounting principle? a. Depreciation expense for each major class of asset b. Balances of major classes of depreciable assets, by nature or function c. Accumulated depreciation on each depreciable asset d. An explanation of why the depreciation method used was selected by management

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A: or

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Q: The depreciation procedures that apply to the main kinds of depreciable assets in general?

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A: The Answer

Q: A general description of the depreciation methods applicable to major classes of depreciable assets?

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Q: Which of the following best describes depreciation? A.ccounts for the market value of a physical…

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A: International Accounting Standards IAS are the accounting standards  issued by International…