Under international accounting standards regarding depreciation, an entity
a. must depreciate separately the components of a composite asset (e.g., land and building) separately.
b. is not allowed to depreciate the components of a composite asset (e.g., land and building) separately.
c. may depreciate separately the components of a composite asset (e.g., land and building)
d. must use fair value accounting for property, plant, and equipment, thus eliminating the need for depreciation.
A
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