Choose the Correct Answer.In Calculating Depreciation

question 94

Multiple Choice

Choose the correct answer.In calculating depreciation:

• A)Straight-line depreciation is higher than double declining balance depreciation in the early years.
• B)Straight-line depreciation is higher than double declining balance depreciation in the later years.
• C)Double declining balance is a method of straight-line depreciation.
• D)MACRS depreciation requires that salvage value be taken into account.

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Definitions:

Business Development

The process of creating long-term value for an organization from customers, markets, and relationships.

Resource Consumption

The amount of resources, such as materials, energy, or time, used in the production of goods or services.

Activity Rates

The charges or costs applied to specific activities or cost drivers in activity-based costing.

Activity-Based Costing

A costing method that assigns overhead and indirect costs to specific products or projects based on their activity levels.