The depreciation method that applies a constant percentage to the carrying amount at the beginning of the period in calculating depreciation is called
A)straight-line.
B)units-of-production.
C)diminishing-balance.
D)component depreciation.

Question

Quizplus · Accepted Answer

The diminishing-balance method applies a constant percentage to the carrying amount (book value) of the asset at the beginning of each period, resulting in decreasing depreciation expenses over the asset's useful life.

The Depreciation Method That Applies a Constant Percentage to the Carrying