It is necessary for a company to use the same depreciation method for all of its depreciable assets.

Question

Quizplus · Accepted Answer

A company may choose to use different depreciation methods for different types of assets, depending on their useful lives, expected resale value, and other factors. However, the company must consistently apply each depreciation method to all assets within the same class, as defined by the tax code or accounting rules.

It Is Necessary for a Company to Use the Same