Listed below are five terms followed by a list of phrases that describe or characterize each of the terms. Match each phrase with the correct term.

Group of answer choices

Write-down of asset

[ Choose ] Estimates service life in units of output. Does not subtract residual value from cost when calculating depreciation. Cost less accumulated depreciation Occurs with a significant decline in value. Produces a level amount of annual depreciation.

Straight-line method

[ Choose ] Estimates service life in units of output. Does not subtract residual value from cost when calculating depreciation. Cost less accumulated depreciation Occurs with a significant decline in value. Produces a level amount of annual depreciation.

Double-declining balance

[ Choose ] Estimates service life in units of output. Does not subtract residual value from cost when calculating depreciation. Cost less accumulated depreciation Occurs with a significant decline in value. Produces a level amount of annual depreciation.

Activity-based method

[ Choose ] Estimates service life in units of output. Does not subtract residual value from cost when calculating depreciation. Cost less accumulated depreciation Occurs with a significant decline in value. Produces a level amount of annual depreciation.

Book value

[ Choose ] Estimates service life in units of output. Does not subtract residual value from cost when calculating depreciation. Cost less accumulated depreciation Occurs with a significant decline in value. Produces a level amount of annual depreciation.