Asked by Enrique Cuevas on May 11, 2024
Verified
Regardless of the depreciation method, the amount that will be depreciated during the life of the asset will be the same.
Depreciation Method
A systematic approach used to allocate the cost of a tangible asset over its useful life.
- Comprehend the diversity and relevance of distinct depreciation approaches for different assets.
Verified Answer
MR
Matthew RamilMay 11, 2024
Final Answer :
True
Explanation :
The total amount of depreciation to be charged over the life of an asset will remain the same, regardless of the method used to calculate it. However, the annual depreciation amount may differ depending on the method used.
Learning Objectives
- Comprehend the diversity and relevance of distinct depreciation approaches for different assets.
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