The method of determining depreciation that yields successive reductions in the periodic depreciation charge over the estimated life of the asset is the

A) units-of-production method
B) double-declining-balance method
C) straight-line method
D) time-valuation method

Depreciation

The process of allocating the cost of a tangible asset over its useful life, reflecting wear and tear over time.

Double-Declining-Balance Method

A form of accelerated depreciation method where an asset's book value is reduced at double the rate of its straight-line depreciation.

Units-Of-Production Method

A depreciation method that allocates an asset's cost based on its usage, output, or units of production rather than the passage of time.