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A general description of the depreciation methods applicable to major classes of depreciable assets ___________.A. is not essential to a fair presentation of financial position. B. is needed in financial reporting when company policy differs from income tax policy. C. should be included in corporate financial statements or notes thereto. D. is not a current practice in financial reporting.

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Answer:

C. should be included in corporate financial statements or notes thereto.

User Lokesh Dhakar
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