Which of the following is a false statement?
A) Companies can change the method of depreciating assets from one year to the next.
B) Companies can affect the book value at the end of an asset's life by choosing one method of depreciation over another.
C) Companies can use one method of depreciation for some of their operational assets but then use a different method for another group or type of operational assets.
D) Companies cannot change their estimate of the salvage value of a long-term asset.
Correct Answer:
Verified
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