Which of the following is considered an accelerated depreciation method?Multiple ChoiceStraight-lineUnits-of-productionDouble-declining-balanceBoth double-declining-balance and units-of-production

Which of the following is considered an accelerated depreciation method? Multiple Choice Straight-line O Units-of-production Double-declining-balance Both double-declining-balance and units-of-production

Which of the following is considered an accelerated depreciation method? Multiple Choice Straight-line O Units-of-production Double-declining-balance Both double-declining-balance and units-of-production

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 4MC

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Question

Which of the following is considered an accelerated depreciation method?
Multiple Choice
Straight-line
Units-of-production
Double-declining-balance
Both double-declining-balance and units-of-production

Expert Solution

Step 1

Depreciation means the loss in value of assets because of usage of assets , passage of time or change in technology.

Depreciation can not be charged in books of account until the fixed asset is ready to use.

Under double declining balance method using twice the straight line rate , we need to calculate the percentage of depreciation to be charged.

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