Match the terms with the definitions.
-A depreciation method in which the depreciable cost is divided by the estimated useful life.
A)Adjusted Trial Balance columns
B)Adjusting entries
C)Balance Sheet columns
D)book value
E)contra-asset
F)depreciable cost
G)depreciation
H)fiscal year
I)historical cost principle
J)Income Statement columns
K)market value
L)matching principle
M)plant assets
N)salvage value
O)straight-line method
P)undepreciated cost
Q)useful life
R)work sheet

Question

Quizplus · Accepted Answer

The straight-line method of depreciation divides the depreciable cost of an asset by its estimated useful life to calculate annual depreciation expense.

Match the Terms with the Definitions