Which of the following is true?
A) If using the double-declining-balance method, the total amount of depreciation expense during the life of the asset will be the highest.
B) If using the units-of-activity method, it is possible to depreciate more than the depreciable cost.
C) If using the straight-line method, the amount of depreciation expense during the first year is higher than that of the double-declining-balance.
D) Regardless of the depreciation method, the amount of total depreciation expense during the life of the asset will be the same.

Question

Quizplus · Accepted Answer

The total depreciation expense over the life of an asset will be the same regardless of the depreciation method used. This is because the total depreciation expense is determined by the asset's cost, salvage value, and useful life, not by the depreciation method.

Which of the Following Is True