Depreciation line has a shape of?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:Depreciation line has a shape of?
Select one:
a. Horizontal Straight line
b. Curved line
c. Other answer
d. Depends on units of activity
e. Vertical Straight line
Expert Solution
Step 1
Depreciation is the method of charging an amount on the book value of an asset over its useful or depreciable life. Depreciation is charged on fixed and tangible assets. This cost is allocated as depreciation because the asset value decreases with its use over a period.
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