The activity method of depreciation Select one: a. All of the following answer choices are correct. b. assumes that depreciation is a function of the passage of time. C. conceptually associates cost in terms of input measures. d. is a variable charge approach. Previous page Next page Return to: General --> Which of these is not a major characteristic of a plant asset Select one: a. All of these are major characteristics of a plant asset O b. Acquired for use in operations c. Long-term in nature d. Possesses physical substance Previous page Next page Return to: General A plant asset has a cost of $24,000 and a residual value of $6,000. The asset has a three-year life. If depreciation in the third year amounted to $3,000, which depreciation method was used? Select one: a. Straight-line b. Declining-balance C. Cannot tell from information given d. Sum-of-the-years'-digits Previous page Next page Return to: General >