Component depreciation is
A)required by IFRS
B)required by GAAP
C)permissible if a small portion of an asset has separate,depreciable components
D)utilized heavily by publicly traded corporations in the U.S.
E)utilized heavily by privately held corporations in the U.S.

Question

Quizplus · Accepted Answer

IFRS requires component depreciation, where significant parts of an asset with different useful lives are depreciated separately.

Component Depreciation Is