Management should select the depreciation method that
A) is easiest to apply.
B) best measures the asset's fair value each period over its useful life.
C) best reflects the pattern in which the asset's future economic benefits are to be consumed.
D) is required by the government.

Question

Quizplus · Accepted Answer

Management should select the depreciation method that best reflects the pattern in which the asset's future economic benefits are to be consumed, as this provides a more accurate representation of the asset's usage and value over time.

Management Should Select the Depreciation Method That