Under U.S. GAAP, 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

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Under U.S. GAAP, companies must disclose accumulated depreciation to provide transparency about the depreciation expense and the net book value of fixed assets, either by major class or in total.

Under US GAAP, Companies Are Required to Disclose the Amount of of Accumulated