The appropriateness of the depreciation method selected should be reviewed at least
A) monthly.
B) annually.
C) every 5 years.
D) every 10 years.

Question

Quizplus · Accepted Answer

The appropriateness of the depreciation method selected should be reviewed at least annually to ensure it still reflects the pattern in which the asset's future economic benefits are expected to be consumed by the entity.

The Appropriateness of the Depreciation Method Selected Should Be Reviewed