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

question 118

Multiple Choice

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

• A) Are the only acceptable methods of depreciation for financial reporting.
• B) Produce the same total depreciation over an asset's useful life.
• C) Produce the same depreciation expense each year.
• D) Are acceptable for tax purposes only.
• E) Produce the same book value each year.

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