DDB Method provides for a declining periodic expense over the estimated useful life of the asset
举一反三
- Total depreciation expense over an asset's useful life will not be identical under all methods of depreciation.
- Total depreciation expense over an asset's useful life will not be identical under all methods of depreciation. A: 正确 B: 错误
- The units-of-production method of depreciation charges a constant amount of expense for each period of an asset's useful life.
- Depreciation is the systematic allocation of the depreciable amount of an asset over the asset's useful life.
- What is the purpose of charging depreciation in accounts? A: To allocate the cost of a non-current asset over the accounting periods expected to benefit from its use B: To ensure that funds are available for the eventual replacement of the asset C: To reduce the cost of the asset in the statement of financial position to its estimated market value D: To account for the 'wearing-out' of the asset over its life