The most commonly used method of depreciation is
A)straight-line.
B)capital cost allowance.
C)declining-balance.
D)units-of-activity.

Question

Quizplus · Accepted Answer

Straight-line depreciation is the most commonly used method because it is simple, easy to understand, and provides a consistent charge to depreciation expense each period. It also reflects the assumption that an asset loses its value at a constant rate over its useful life. While the other methods may be more appropriate in certain situations, straight-line is the best choice for most companies.

The Most Commonly Used Method of Depreciation Is