With ____ depreciation,the asset depreciates by equal amounts each year of its lifetime until it reaches the salvage value.
A) straight-line
B) double-declining
C) declining
D) sum of years' digit

Question

Quizplus · Accepted Answer

Straight-line depreciation is a method in which the asset depreciates by equal amounts each year of its lifetime until it reaches the salvage value. This method is the simplest and most commonly used method of depreciation. The other three options (B) double-declining, (C) declining, and (D) sum of years' digit, all involve a more complex method of calculating depreciation where the amount of depreciation varies from year to year.

With ____ Depreciation,the Asset Depreciates by Equal Amounts Each Year