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  3. Study Set
    Intermediate Accounting Reporting and Analysis Study Set 1
  4. Exam
    Exam 11: Depreciation, Depletion, Impairment, and Disposal
  5. Question
    GAAP Requires the General Description of the Methods Used in the Computation
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GAAP Requires the General Description of the Methods Used in the Computation

Question 101

Question 101

True/False

GAAP requires the general description of the methods used in the computation of depreciation regarding major classes of assets to be disclosed in the notes of the financial statements.

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