Match the terms with the definitions.
-A depreciation method in which depreciation is based on the extent to which the asset was used during the year.
A)Accelerated Cost Recovery System (ACRS)
B)intangible assets
C)Modified Accelerated Cost Recovery System (MACRS)
D)book value
E)cash equivalent price
F)conservatism
G)straight-line method
H)tangible assets
I)depletion
J)depreciable cost (base)
K)trade-in allowance (trade value)
L)double-declining-balance method
M)functional depreciation
N)units-of-production method

Question

Quizplus · Accepted Answer

The units-of-production method calculates depreciation based on the actual usage or production level of the asset, aligning depreciation expense with the asset's use.

Match the Terms with the Definitions