Question: What is the primary difference between the group and composite methods of depreciation? Group method applies to similar assets, composite to dissimilar assets Group method

What is the primary difference between the group and composite methods of depreciation?
Group method applies to similar assets, composite to dissimilar assets
Group method uses straight-line depreciation, composite uses declining-balance
Group method is for tangible assets, composite for intangible assets
Group method is used for assets with a short useful life, composite for long useful life

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