Question
20 Which of the following depreciation methods allocates a varying amount of depreciation each year based on an asset's usage? The straight-line method The annuity
Which of the following depreciation methods allocates a varying amount of depreciation each year based on an asset's usage?
The straight-line method
The annuity method
The units-of-production method
The double-declining-balance method
Question 19
A company purchased a computer on July 1, 2017 for $50,000. Estimated useful life of the computer was five years, and it has no residual value. Which of the following methods should be used to best match its expense against the revenue it produces?
The units-of-production method
The straight-line method
The double-declining-balance method
The first-in, first-out method
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Fundamental Accounting Principles Volume I
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
16th Canadian edition
978-1260305821
