Ready to test your Knowledge?
Try out our new practice tests completely free!
exam preparation banner icon
Solved

Which One of the Following Statements Is True

arrowarrow
Question 29
Multiple Choice
arrowQuestion 29arrow
Multiple Choice

Which one of the following statements is true?


A) The activity method of computing depreciation could result in zero depreciation expense in some periods of time.
B) If the activity method is in use, residual value should not be subtracted from cost to determine the depreciation base.
C) The activity method produces a constant total cost of depreciation each period.
D) The activity method should be used when the service life of the asset is affected mostly by the passage of time.

Choose question tag
close menu

10+ million students use Quizplus to study and prepare for their homework, quizzes and exams through 20m+ questions in 300k quizzes.

Business

Explore our library and get Accounting Homework Help with various study sets and a huge amount of quizzes and questions

Get Free Access Now!
Textbook Solutions
Textbook Solutions

Find all the solutions to your textbooks, reveal answers you would’t find elsewhere

Find Solutions
Search By Image
Search By Image

Scan any paper and upload it to find exam solutions and many more

Flashcards
Flashcards

Studying is made a lot easier and more fun with our online flashcards

Find Flashcards