Which depreciation method cannot be used when the residual value is zero?
A)sum-of-the-years'-digits method
B)retirement method
C)fixed-percentage-of-declining-balance method
D)150%-declining-balance method

Question

Quizplus · Accepted Answer

The fixed-percentage-of-declining-balance method requires a residual value to calculate depreciation, so it cannot be used when the residual value is zero.

Which Depreciation Method Cannot Be Used When the Residual Value