Recording an equal amount of depreciation expenses for a plant asset in each year of its useful life. Find the method of depreciation used.
Correct
Incorrect
Question 2 of 4
2. Question
The original cost of assets minus accumulated depreciation gives us the
Correct
Incorrect
Question 3 of 4
3. Question
The only long-term asset that does not depreciate is
Correct
Incorrect
Question 4 of 4
4. Question
Whatever method a business selects to calculate depreciation expenses for a portion of a year, that method should be used consistently from year to year