Question: Which statement regarding depreciation is true? a. An asset must be depreciated from the date of purchase to the date of sale. b. The annual

Which statement regarding depreciation is true?

a. An asset must be depreciated from the date of

purchase to the date of sale.

b. The annual depreciation charge must be constant over

the life of the asset.

c. The total cost of an asset must eventually be

depreciated.

d. If the carrying amount of an asset is less than the

residual value, depreciation is not charged.

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