When Calculating Declining Balance Depreciation,the Straight-Line Rate Was Used Instead

question 104

Multiple Choice

When calculating declining balance depreciation,the straight-line rate was used instead of double the straight-line rate.In the first year of ownership,this error would cause:

• A)the period end assets to be overstated.
• B)the period's depreciation expense to be overstated.
• C)the period end assets to be understated.
• D)None of these is correct.