CFA Practice Question

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CFA Practice Question

Regarding the disclosure requirements for PP&E, which piece of information is required by IFRS but not by U.S. GAAP?
A. Depreciation method
B. Useful lives
C. Accumulated depreciation expense
Explanation: Gross amount and accumulated amount should be disclosed. However, the useful lives or, equivalently, the depreciation rate, are not required by U.S. GAAP.

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