Asked by
SANIKA DHARASKAR
on Oct 28, 2024
Verified
Depreciation of an asset based on the number of hours of usage is a(n)
A) time-based method
B) accelerated method
C) replacement method
D) activity-based method
Activity-Based Method
An accounting method that assigns costs to products or services based on the activities and resources that go into producing them, to more accurately reflect the costs associated with each product or service.
Usage Hours
A measure of the time that an asset is actively used in production or operations.
- Figure out depreciation applying distinct formulas, namely double-declining balance, straight-line, and units-of-production.
Verified Answer
CB
Learning Objectives
- Figure out depreciation applying distinct formulas, namely double-declining balance, straight-line, and units-of-production.