1) Units of Production depreciation:

		is an appropriate method to use for buildings
		is based on how long an asset is owned, regardless of how much it is used
		generally produces the same annual depreciation each year
		is based on how much an asset is used, regardless of how long it is owned
		uses a different depreciation rate each year

2) Under the double declining balance method:

		less depreciation is taken in the early years of an assets life, and more in the later years
		year 1 calculation is based on cost, not depreciable base
		the book value remains the same each year
		the depreciation rate changes each year
		all of the above

3) A company that uses a calendar year purchases an asset with an estimated useful life of 8 years. If the asset is depreciated under the sum-of-the-years digits method, the depreciation rate for year 1 would be:

		1/72
		8/72
		1/8
		1/36
		8/36

4)

Under the sum-of-the-years digits method:

		more depreciation is taken in the early years of an asset's life, and less is taken in later years
		the book value remains the same each year
		less depreciation is taken in the early years of an assets life, and more in the later years
		the denominator of the SYD fraction changes each year

5) On January 1, 20X1, your company purchases for $550,000 a machine with an estimated useful life of 10 years and a salvage value of $50,000. Using SYD depreciation, the 20X2 depreciation expense is:

		$200,000
		$18,182
		$81,818
		$90,000

Please attempt only if you can solve all the questions, I don't have any remaining questions to put here.

If you doubt any of these don't attempt

Thank you so much