Under International Accounting Standards Regarding Depreciation,an Entity

Multiple Choice

Under international accounting standards regarding depreciation,an entity

A) must depreciate separately the components of a composite asset (e.g. ,land and building) separately.
B) is not allowed to depreciate the components of a composite asset (e.g. ,land and building) separately.
C) may depreciate separately the components of a composite asset (e.g. ,land and building)
D) must use fair value accounting for property,plant,and equipment,thus eliminating the need for depreciation.