Asked by elizabeth mccloskey on May 02, 2024
Verified
Which depreciation method uses twice the straight-line rate?
A) Units-of-production
B) Modified accelerated cost recovery
C) Straight-line
D) Double declining-balance
Straight-Line Rate
A method of calculating the depreciation of an asset, which allocates an equal depreciation expense each year over the asset's useful life.
Double Declining-Balance
A method of accelerated depreciation that doubles the straight-line depreciation rate, allowing for faster asset expense recognition.
Modified Accelerated Cost Recovery
A tax depreciation system in the U.S. that allows for the accelerated depreciation of property under certain conditions.
- Understand the principle and financial procedures of depreciation, encompassing diverse methods of depreciation and their effects on financial reports.
Verified Answer
Learning Objectives
- Understand the principle and financial procedures of depreciation, encompassing diverse methods of depreciation and their effects on financial reports.
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