Which of the following is not an acceptable method of depreciation for financial statement purposes in Canada?
A)Straight-line
B)Increasing-balance
C)Diminishing-balance
D)Units-of-Production

Question

Quizplus · Accepted Answer

While straight-line, diminishing-balance, and units-of-production are all acceptable methods of depreciation for financial statement purposes in Canada, increasing-balance is not.

Which of the Following Is Not an Acceptable Method of Depreciation