Which Depreciation Method Is Most Frequently Used by Businesses Today

question 155

Multiple Choice

Which depreciation method is most frequently used by businesses today?

• A)Straight-line
• B)Declining-balance
• C)Units-of-activity
• D)Double-declining-balance

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Definitions:

Bedrock

The solid rock layer beneath soil, loose rocks, or other surface materials.

Sea Cave

A cave at the base of a sea cliff, usually flooded by seawater.

Erosion Promontory

A high point of land that extends into a body of water, formed from the resistance of its materials to weathering and erosion.

Seafloor Spreading

The process by which new oceanic crust is created at mid-ocean ridges and gradually moves away from the ridge, contributing to continental drift.