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Accountıng Iı Deneme Sınavı Sorusu #1051139
Accountıng Iı Deneme Sınavı Sorusu #1051139
- Straight-line depreciation method produces a decreasing annual depreciation expense over the asset’s useful life.
- Double-declining balance depreciation method allocates the depreciable cost of the asset equally to its useful life.
- “Cost of the asset – Accumulated Depreciation” is called the “Book Value” of the asset.
- Units-of-production depreciation method depreciates by units rather than by years.
Which of the statements above in terms of depreciation methods are correct?
I and II |
I and IV |
III and IV |
I, III and IV |
I, II, III and IV |
Yanıt Açıklaması:
Straight-line depreciation method allocates the depreciable cost of the asset equally to its useful life.
Double-declining balance depreciation method produces a decreasing annual depreciation expense over the asset’s useful life. The statements in the options I and II are not correct. “Cost of the asset – Accumulated Depreciation” is called the “Book Value” of the asset. Units-of-production depreciation method depreciates by units rather than by years. As can also be understood from the information given, the correct answer is C.
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