The composite depreciation method
A) is applied to a group of homogeneous assets.
B) is an accelerated method of depreciation.
C) does not recognize gain or loss on the retirement of specific assets in the group.
D) excludes salvage value from the base of the depreciation calculation.

Question

Quizplus · Accepted Answer

The composite depreciation method does not recognize gain or loss on the retirement of specific assets in the group, as it treats the group as a single asset for depreciation purposes.

The Composite Depreciation Method