Asked by
SYAFIY AZMAN
on Dec 16, 2024
Verified
The depreciation method that applies a constant percentage to depreciable cost in calculating depreciation is
A) straight-line.
B) units-of-activity.
C) declining-balance.
D) none of these.
Declining-Balance
A method of accelerated depreciation in which an asset loses value by a certain percentage rate each year over its useful life.
Depreciable Cost
The cost of a fixed asset minus its salvage value, representing the total amount that can be depreciated over its useful life.
Constant Percentage
A fixed rate applied uniformly across a set of variables or values, often used in finance and mathematics.
- Acquire knowledge on the key principles and methodologies employed in asset depreciation, along with different computation methods for depreciation.
Verified Answer
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Learning Objectives
- Acquire knowledge on the key principles and methodologies employed in asset depreciation, along with different computation methods for depreciation.