haracteristics of Depreciation Methods In each dropdown below is a list of common depreciation methods and characteristics related to depreciation. Required: Select one or more of the depreciation methods with each characteristic. 1. Results in depreciation expense that decreases over the life of the asset 2. Results in depreciation expense that increases over the life of the asset 3. Allocates the same amount of cost to each period of a depreciable asset's life 4. Calculated by multiplying a constant depreciation rate by depreciable cost 5. Calculated by applying a constant depreciation rate to the asset's book value at the beginning of the period 6. Results in lowest income tax expense in early years of the asset's life 7. Consistent with the matching process Options: Straight-line depreciation method Declining balance depreciation method Units-of-production depreciation method when actual units produced increases over the life of the asset All of these choices are correct.
26.
haracteristics of
In each dropdown below is a list of common depreciation methods and characteristics related to depreciation.
Required:
Select one or more of the depreciation methods with each characteristic.
1. Results in depreciation expense that decreases over the life of the asset
2. Results in depreciation expense that increases over the life of the asset
3. Allocates the same amount of cost to each period of a depreciable asset's life
4. Calculated by multiplying a constant depreciation rate by depreciable cost
5. Calculated by applying a constant depreciation rate to the asset's book value at the beginning of the period
6. Results in lowest income tax expense in early years of the asset's life
7. Consistent with the matching process
Options:
Declining balance depreciation
Units-of-production depreciation method when actual units produced increases over the life of the asset
All of these choices are correct.
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