Regardless of the method of depreciation used under international financial reporting standards, the ending book value will be the same at the end of the asset's economic life.

Question

Quizplus · Accepted Answer

This statement is true because regardless of the method of depreciation used, the total amount of depreciation expense recognized over an asset's economic life will be the same. This means that the ending book value, which is the asset's cost minus accumulated depreciation, will also be the same at the end of the asset's economic life.

Regardless of the Method of Depreciation Used Under International Financial