Which Statement Best Describes the Straight-Line Method of Deprecation

question 50

Multiple Choice

Which statement best describes the straight-line method of deprecation?

• A)Depreciation is a fixed percentage of the carrying value of the asset.
• B)Depreciation is allocated equally over each year of the asset's life.
• C)Depreciation expense is greater at the beginning of the asset's life.
• D)Both A and C.

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Definitions:

Private Speech

Verbal communication directed at the self, typical in early childhood, and used for self-guidance and regulation.

Self-Regulation

An individual’s ability to prevent himself or herself from making a dominant, preferred or automatic response in order to perform a nondominant response, such as when a hungry person is served food at a restaurant but waits to eat until everyone at the table has been served.

Precursor

An element, condition, or event that precedes and indicates the approach of something.

Recognition Skills

are the abilities to identify and acknowledge information, objects, or situations based on previous experiences or knowledge.