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Name: Which of the following depreciation methods applies a uniform deprecia
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Description: Which of the following depreciation methods applies a uniform depreciation rate each period to an asset's carrying amount?a.Straight-lineb.Declining-balancec.Sum-of-the-years'-digitsd.Units-of-production

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Accounting

Which of the following depreciation methods applies a uniform depreciation rate each period to an asset's carrying amount? a.Straight-line b.Declining-balance

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter18: Accounting For Long-term Assets

Section: Chapter Questions

Problem 4TF: The straight-line method of depreciation allocates the cost of an asset more rapidly than the...

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Characteristics of Depreciation Methods Below is a common list of depreciation methods and characteristics related to depreciation. Depreciation Methods a. Straight-line depreciation method b. Declining balance depreciation method c. Units-of-production depreciation method when actual units produced increases over the life of the asset Characteristics 1. Results in depreciation expense that decreases over the life of the asset. 2. Results in depreciation expense that increases over the life of the asset. 3. Allocates the same amount of cost to each period of a depreciable assets life. 4. Calculated by multiplying a constant depreciation rate by depreciable cost. 5. Calculated by applying a constant depreciation rate to the assets book value at the beginning of the period. 6. Results in lowest income taxes in early years of the assets life. 7. Consistent with the matching principle. Required: Match one or more of the depreciation methods with each characteristic.
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