The Straight-Line Method and the Double-Declining-Balance Method of Depreciation

question 136

Multiple Choice

The straight-line method and the double-declining-balance method of depreciation

• A)Produce the same total depreciation over an asset's useful life
• B)Allocate an asset's cost in a systematic and rational manner
• C)Do not produce the same book value each year
• D)Are both acceptable for GAAP
• E)All of these

---

Definitions:

Single-family Dwelling Ordinance

A municipal regulation which specifies zoning laws and construction standards primarily for houses intended for single families.

Judicial Review

The power of courts to assess the legality of actions taken by the executive and legislative branches or evaluate the constitutionality of laws.

Estate Conveyed

The transfer of property ownership rights from one individual to another, often as a result of a sale, gift, or will.

Consideration

The value, often monetary, promised in a contract to be exchanged between the parties involved, a fundamental requirement for a contract to be legally binding.