Final answer:
The correct terms for activity-based depreciation methods are a) productivity method, b) units of production method, and d) units of output method. These methods allocate the cost of an asset based on its activity level. Productivity can also be measured using GDP per worker.
Step-by-step explanation:
The other terms used for an activity-based depreciation method include the following:
- Productivity method
- Units of production method
- Base depreciation method
- Units of output method
Therefore, the correct answers are a) productivity method, b) units of production method, and d) units of output method. The activity-based depreciation methods are ways to allocate the cost of an asset over its useful life based on the amount of activity or the level of use of the asset rather than just the passage of time, as with straight-line depreciation.
Measuring Productivity
Besides the amount produced per hour of work, productivity can be measured in other ways. Productivity, being output per unit of input, can be assessed using Gross Domestic Product (GDP) per worker, where GDP represents the value of all goods and services produced within a country in a year. This method considers both the quantity of the output and the workforce involved, providing a broader perspective on the productivity of an economy as a whole.