Asked by Melissa Johnson on May 04, 2024
Verified
The depreciation method in which an even amount of depreciation expense is taken each year is called:
A) straight-line method.
B) double declining-balance method.
C) units-of-production method.
D) All of the above are correct.
Units-of-production Method
a depreciation technique that allocates the cost of an asset over its useful life based on the number of units it produces.
Straight-line Method
A method of calculating depreciation of an asset, which spreads the cost evenly over its useful life.
Depreciation Expense
An accounting method that allocates the cost of a tangible asset over its useful life.
- Measure the depreciation expense by leveraging assorted models, like straight-line, double declining-balance, and units-of-production.
Verified Answer
DM
Dulce Maria CamposMay 09, 2024
Final Answer :
A
Explanation :
The straight-line method of depreciation spreads the cost of the asset evenly over its useful life, resulting in the same amount of depreciation expense each year.
Learning Objectives
- Measure the depreciation expense by leveraging assorted models, like straight-line, double declining-balance, and units-of-production.
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