Question
Question 3 3 pts 1. A usage method of is useful when the use of an asset varies from period to period and when
Question 3 3 pts 1. A usage method of is useful when the use of an asset varies from period to period and when wear and tear is the major cause of depreciation. A -based method, such as -line depreciation, assumes that each period receives services of equal value from the use of the asset; time-based methods ignore asset usage. The preferable method is a matter of judgement.
Step by Step Solution
3.28 Rating (166 Votes )
There are 3 Steps involved in it
Step: 1
Answer A usage method of depreciation is useful when the use of an asset va...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get StartedRecommended Textbook for
Intermediate accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
7th edition
978-0077614041, 9780077446475, 77614046, 007744647X, 77647092, 978-0077647094
Students also viewed these Accounting questions
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
View Answer in SolutionInn App