Question: Listed below are several statements about items required to be disclosed for depreciation. Some of the items are required to be disclosed and some are

Listed below are several statements about items required to be disclosed for depreciation. Some of the items are required to be disclosed and some are not required to be disclosed.

Required: Indicate in the space provided which items are required to be disclosed for depreciation by checking the appropriate box next to your answers

NOTE: THIS IS A MULTIPLE ANSWER QUESTION WITH MORE THAN ONE ANSWER

the useful lives for each major class of depreciable asset

the accumulated depreciation for each major class of depreciable asset or in total

depreciation expense for the period

the balance of major classes of depreciable assets

A general description of the method(s) used for computing depreciation

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