Companies are required to disclose the amount of accumulated depreciation either for each major class of fixed assets or in total for all fixed assets.

Question

Quizplus · Accepted Answer

This is true. Companies are required to disclose the amount of accumulated depreciation either for each major class of fixed assets or in total for all fixed assets as per the generally accepted accounting principles (GAAP). This information helps investors and other stakeholders to better understand the financial health and overall value of the company's assets.

Companies Are Required to Disclose the Amount of Accumulated Depreciation