Question

Which of the following is true? a. If using the double-declining-balance the total amount of depreciation expense during the life of the asset will be the highest. b. If using the units-of-production method, it is possible to depreciate more than the depreciable cost. c. If using the straight line method, the amount of depreciation expense during the first year is higher than that of the double-declining-balance. d. Regardless of the depreciation method, the amount of total depreciation expense during the life of the asset will be the same.

Answer 1

d. Regardless of the depreciation method, the amount of total depreciation expense during the life of the asset will be the same.

Step-by-step explanation:

Depreciation can be defined as the reduction of cost of a fixed asset systematically until the value of the asset becomes zero.

In Accounting, regardless of the depreciation method, the amount of total depreciation expense during the life of the asset will be the same.

However, using a particular depreciation method affects the amount of depreciation expense of an asset charged in each year.