The most widely used depreciation method is
A) straight-line
B) double-declining-balance
C) units-of-production
D) units-of-production or double-declining-balance

Question

Quizplus · Accepted Answer

The straight-line method is the most widely used depreciation method because it is the simplest and easiest to understand. It also spreads out the cost evenly over the useful life of the asset. The other methods, while providing different calculations and results, may be more complicated and require more detailed information about the asset's usage or potential decline in value.

The Most Widely Used Depreciation Method Is