One of the advantages of group and composite methods is that gains and losses on the disposal of individual assets need not be computed.

Question

Quizplus · Accepted Answer

Group and composite methods involve the grouping of assets together for accounting and depreciation purposes, and the calculation of gains and losses is done at the group level rather than on individual assets. Therefore, gains and losses on the disposal of individual assets need not be computed under these methods.

One of the Advantages of Group and Composite Methods Is