Which depreciation method is most frequently used in businesses today?
A) Straight-line
B) Declining-balance
C) Units-of-activity
D) Double-declining-balance

Question

Quizplus · Accepted Answer

Straight-line depreciation is the most commonly used method in businesses today because it is simple to calculate and provides a consistent expense over the asset's useful life. This makes it easier for businesses to budget and plan for future expenses.

Which Depreciation Method Is Most Frequently Used in Businesses Today