Which one of the following disclosures is required by generally accepted accounting principles?
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
B
Business
You might also like to view...
On the income statement, a merchandising company reports the cost of merchandise inventory that has been sold to customers
Indicate whether the statement is true or false
Business
The worksheet is a useful step in preparing adjusting entries and the unadjusted trial balance
Indicate whether the statement is true or false
Business