The three depreciation methods allocate different amounts of depreciation to each period, but all result in the same total amount of depreciation over the life of the asset.

Question

Quizplus · Accepted Answer

This statement is true. The three main depreciation methods - straight-line, double-declining balance, and units of production - all allocate depreciation differently among periods, but in the end, they will all result in the same total amount of depreciation over the life of the asset.

The Three Depreciation Methods Allocate Different Amounts of Depreciation to Each