Which of the following depreciation methods most closely approximates the method used to deplete the cost of natural resource? a. Straight-line method b. Double-declining-balance method c. Either the cost model or the revaluation model d. The recoverable amount model
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- The method of depreciation which is also known as Accelerated depreciation method is a. Diminishing balance method b. Units of production method c. Double declining depreciation method d. Straight line methodWhich of the following depreciation methods will result in the most depreciation expense over the life of an asset? Select one: a. Double-declining balance method b. All three methods will result in the same amount of depreciation expense. c. Units-of-production method d. Straight-line method e. Cannot be determined from the information given.Explain why activity based method is more appropriate to calculate depreciation than straight line method
- Why is depreciation expense recognized? Select one: a. To provide a better estimate of the market value of the depreciated assets. b. So that the balance sheet value of plant assets will more accurately reflect the replacement cost of the assets. c. To ensure that cash will be available at the end of the assets' useful life in order to replace it. d. To match the cost of the asset against the revenue using a reasonable allocation. method. Save AnswersNextWhich one of the following methods charges depreciation at a rate double to the one used in straight line method? Select one: a. Straight line method b. Declining balance method c. None of the methods d. Units of activity methodDetailed Explanation needed. Advantages and Disadvantages of methods of depreciation ( Straight Line, Double Declining, Units of production )
- Explain straight line depreciation formula?One accelerated depreciation method is called fixed-percentage-of-declining-balance. Explain what is meant by the terms “fixed-percentage” and “declining-balance.” Forwhat purpose is this method most widely used?Which method is used to compute depletion? OA. Units-of-production method OB. Depletion method OC. Straight-line method O D. Double-declining-balance method
- Explain straight-line, units-of-production, and double-declining-balance depreciation. When is it appropriate to use each of these depreciation methods?Which of the following amortization methods is most likely to evenly distribute the cost ofan intangible asset over its useful life?A. Straight-line methodB. Units-of-production methodC. Double-declining balance methodPlease explain double-declining method depreciation. When is this the preferred method to figure depreciation?