The schedule showing the balance of each account at the end of the period is known as the ________________________. What are the two (2) main types of depreciation method? What factors should you consider when selecting a depreciation method for a particular fixed asset?

Assume a hotel rented 400, 480 and 420 rooms in the months of April, May, and June, respectively; and the total housekeeping costs for the three months in questions were $6000, $6800, and $6200. With use of the high-low method, what is the amount of monthly fixed housekeeping costs?

$1,000.

$1,500.

$2,000.

$2,500