One Difference Between the Double-Declining-Balance Method and the Straight-Line Method

question 53

Multiple Choice

One difference between the double-declining-balance method and the straight-line method is that the double-declining-balance method:

• A)takes book value below residual value.
• B)does not consider the useful life of the asset in the calculation of amortization.
• C)cannot be used for tax purposes.
• D)uses book value instead of depreciable cost in the calculation of amortization.

---

Definitions:

Clevis Pins

Clevis pins are a type of fastener commonly used in mechanical linkages, allowing for rotation or movement of the connected parts while maintaining alignment.

Quick Release Fasteners

Mechanisms designed to fasten components together securely while also allowing for rapid removal or disassembly without requiring tools.

Semi-Permanent

Describes a connection or assembly that is designed to be disassembled and reassembled, but not intended for frequent changes.

Standard Taper Pins

Standard Taper Pins are conically shaped metal pins used to position and secure two parts together, allowing for easier alignment and assembly due to their tapered design.