Defined as a loss in value from any cause, depreciation is generally divided into three categories. The loss of value due to the normal wear and tear on a property is called

One example of an impairment indicator is a significant adverse change in legal factors that affect the value of an asset or asset group

Indicate whether the statement is true or false.

When a company purchases and sells treasury shares for amounts above and below cost, it reports these "gains" and "losses" on the ________

A) income statement B) balance sheet C) income statement and balance sheet D) only in a footnote