Final answer:
Depreciation under ASPE can be accounted using the Straight-line Method or the Units of Production Method; hence, both A and B are correct.
Step-by-step explanation:
The question asks how depreciation is separated under the Accounting Standards for Private Enterprises (ASPE). Within ASPE, depreciation can be accounted for by using various methods, including the Straight-line Method and the Units of Production Method. As such, the correct answer to the question would be D) Both A and B, meaning both the straight-line method and the units of production method are acceptable under ASPE for separating depreciation.
Depreciation is the systematic allocation of the depreciable amount of an asset over its useful life. The straight-line method of depreciation evenly spreads out the cost of the asset over its useful life, whereas the units of production method bases the depreciation expense on the actual usage or production volume of the asset.