The straight-line depreciation method:
A)reports an equal amount of depreciation expense each year.
B)reports a higher amount of depreciation expense in the early years of an asset's use.
C)reports more depreciation expense in a year when an asset is heavily used and less in a year when the asset is hardly used at all.
D)can be used only by small companies.

Question

Quizplus · Accepted Answer

As the name straight-line suggests,Depreciation Expense is a constant amount each year,Accumulated Depreciation increases by an equal amount each year,and book value decreases by the same equal amount each year.

The Straight-Line Depreciation Method