Which of the following is false?
A)The book value at the end of an asset's useful life will be the same under all the depreciation methods allowed under IFRS.
B)The total depreciation in the accumulated depreciation account will be the same at the end of the asset's useful life under all the methods allowed under IFRS.
C)The annual depreciation expense will differ under the various depreciation methods.
D)The annual depreciation expense using the straight-line method increases each year.

Question

Quizplus · Accepted Answer

The statement that the annual depreciation expense using the straight-line method increases each year is false. The straight-line method results in a constant annual depreciation expense throughout the asset's useful life. The other statements are true.

Which of the Following Is False