Which of the Following Statement Is Applicable to the Declining-Balance

question 11

Multiple Choice

Which of the following statement is applicable to the declining-balance method of depreciation?

• A) The expense is constant for the useful life of the asset.
• B) The process is complex because you need to know the carrying amount, residual value and estimated useful life of the asset.
• C) A company subject to political costs is more likely to select this depreciation method.
• D) Assumes that the consumption of the asset is a function of time.
• E) E: None of the given answers.

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