When selecting a method of cost apportionment an accountant should choose:
A) The method that best reflects how the asset is used, taking into account its total physical life.
B) The method that produces the best profit for the firm.
C) The method stipulated by the taxation department for submitting tax returns.
D) The method that shows the highest depreciation in early years.
E) The method that best reflects the economic use of the asset.
Correct Answer:
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