Examlex
Which of the following statements is false?
Units-Of-Output Method
A depreciation method where the expense is based on the actual usage or production output of the asset.
Depreciation Rates
Depreciation rates are percentages or methods used to systematically reduce the carrying value of a tangible or fixed asset over its useful life.
Accumulated Depreciation
The cumulative depreciation of an asset up to a single point in its life, representing the reduction in value due to wear and tear, age, or obsolescence.
Double-Declining Balance
A method of accelerated depreciation where an asset's value decreases by twice the rate of traditional straight-line depreciation.
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