What does a depreciation convention determine?
A.
The amount of depreciation to apply to each period of a fixed asset’s useful life
B.
The amount of depreciation to apply in the first and last years of a fixed asset’s useful life
C.
The number of periods over which a fixed asset should be depreciated
D.
Whether a fixed asset should be depreciated
Explanation:
A would be the depreciation profile. Depreciation convention determine the amount of depreciation to apply in the first and last year of the fixed asset´s useful life.
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