The Declining-Balance Method of Depreciation Produces

question 301

Multiple Choice

The declining-balance method of depreciation produces

• A) a decreasing depreciation expense each period.
• B) an increasing depreciation expense each period.
• C) a declining percentage rate each period.
• D) a constant amount of depreciation expense each period.

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Definitions:

Age of Majority

The legally defined age at which an individual is recognized as an adult and is fully accountable for his or her actions.

Intends

Plans or aims to carry out a specific action in the future.

Disaffirm

The act of rejecting or voiding a contract or agreement, especially one entered into by a minor or under conditions that make it voidable.

Minor

An individual under the legal age of adulthood, generally unable to enter into enforceable contracts except for certain necessities.