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Which of the following statements about the role of depreciable lives and salvage values in the computation of depreciation expenses for financial reporting is most accurate?

A Depreciable lives and salvage values are chosen by management and allow for the possibility of income manipulation.

Useful lives and salvage values of long- Iived assets are management estimates that may vary among companies. Companies typically do not disclose data about estimated salvage values, except when estimates arc changed.


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