Although most companies use straight-line depreciation for their financial statements,making valid comparisons across firms is often hindered due to differences in estimated useful lives.

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Akeem Wright · Accepted Answer

Final Answer : True, Explanation :  Different companies may estimate the useful lives of their assets differently, which can result in different amounts of depreciation expense each year. This can make it difficult to compare the financial statements of different companies that use straight-line depreciation.

Although most companies use straight-line depreciation for their financial statements,making valid comparisons across firms is often hindered due to differences in estimated useful lives.

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