Which of the following is different for straight-line depreciation and declining balance depreciation?
A)cost of asset
B)salvage value
C)economic life
D)amount of depreciation per year

Question

Quizplus · Accepted Answer

The amount of depreciation per year is different for straight-line depreciation and declining balance depreciation. In straight-line depreciation, the same amount of depreciation is charged to the asset every year, while in declining balance depreciation, the amount of depreciation charged decreases each year. The cost of asset, salvage value and economic life remain the same for both methods.

Which of the Following Is Different for Straight-Line Depreciation and Declining