How many of the following items of information about office equipment are required to be disclosed in the financial statements prepared for external reporting?
$\bullet$Depreciation method used
$\bullet$Aggregate cost of office equipment
$\bullet$Aggregate Accumulated Depreciation of office equipment
$\bullet$Depreciation rates used or useful lives of office equipment
$\bullet$The total number of assets held in the office equipment grouping

Question

Quizplus · Accepted Answer

The financial statements require disclosure of the depreciation method, aggregate cost, aggregate accumulated depreciation, and depreciation rates or useful lives. The total number of assets is not typically required.

How Many of the Following Items of Information About Office ∙\bullet∙

How Many of the Following Items of Information About Office $\bullet$