Which of the Following Depreciation Methods Allocates a Fixed Amount

question 111

Multiple Choice

Which of the following depreciation methods allocates a fixed amount of depreciation to kilometres driven, hours used, or some other measure of the asset's utilisation?

• A)Units- of- production
• B)Sum- of- digits
• C)Straight- line
• D)Reducing- balance

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Definitions:

Domestic Corporation

In a given state, a corporation that is organized under the law of that state.

Corporate Veil

A legal concept that separates the personality of a corporation from the personalities of its shareholders, and protects them from being personally liable for the company's debts and other obligations.

Corporate Privilege

A legal principle that allows corporations to withhold certain confidential communications from disclosure, often relating to legal advice.

Directors

Members of a company's board responsible for making strategic decisions, overseeing management, and ensuring corporate governance.