Question 16 (9 points) Place True (1) or False (2) beside of each of the following statements. Only assets with cash flows that are independent from those of other assets are included in a cash-generating unit (CGU). When using the straight-line method, an asset's residual value is deducted in the calculation of depreciation expense. The choice of depreciation method is specified in GAAP and does not require the use of professional judgement. Once a loss has been recognized, IFRS prohibits the subsequent reversal of that loss. Changes in the depreciation rate