According to GAAP,which of the following items about long term-assets must be disclosed,either in the financial statements or in the related footnotes?
A)the historical cost of the long-term assets owned
B)the accumulated depreciation taken over the life of the long-term assets
C)the method(s)used to depreciate long-term assets
D)all of these

Question

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According to GAAP, all of these items about long-term assets must be disclosed, either in the financial statements or in the related footnotes. The historical cost of the long-term assets owned, the accumulated depreciation taken over the life of the long-term assets, and the method(s) used to depreciate long-term assets are all important pieces of information for users of financial statements to make informed decisions about a company's financial health.

According to GAAP,which of the Following Items About Long Term-Assets