Each of the statements appearing below is descriptive of one or more of the following depreciation methods. In the spaces below, place the letter(s) belonging to the method(s) to which the statement best applies.

1. The depreciation charged by this method decreases by the same amount each year. ______________

2. These methods are used for depreciating multiple-asset accounts. ________________________

3. These methods allocate larger shares of the cost of a plant asset to expense during the years in which the greatest use is made of the asset. ________________

4. These methods always allocate larger shares of the cost of a plant asset to expense during the earlier years of its life. _________________

5. Once the depreciable base, scrap value, and life of a plant asset are determined, the annual charges to operations under this method will be the same. __________________

Options:

A. Declining balance

B. Group

C. Composite

D. Straight line

E. Sum of year's digits

F. Units of output

G. Working hours