Asked by Pinky Melon on Apr 25, 2024
Verified
The depreciation method that does not base the expense on the passage of time but on the level of use is:
A) units-of-production.
B) straight-line.
C) modified accelerated cost recovery.
D) double declining-balance.
Units-Of-Production
A depreciation method that allocates cost based on the units produced by an asset over its useful life.
Depreciation Method
A systematic approach used to reduce the carrying amount of a tangible or intangible asset over its useful life.
Level Of Use
Level of use refers to the degree or extent to which a resource, service, or facility is utilized.
- Grasp the concept and accounting treatment of depreciation, including various depreciation methods and their impact on financial statements.
Verified Answer
Learning Objectives
- Grasp the concept and accounting treatment of depreciation, including various depreciation methods and their impact on financial statements.
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