thechipensale
thechipensale thechipensale
  • 01-12-2020
  • Business
contestada

The depreciation method that charges the same amount of expense to each period of the
asset's useful life is called:​

Respuesta :

Samawati
Samawati Samawati
  • 01-12-2020

Answer:

The straight-line depreciation method

Explanation:

Under the straight-line method, the depreciation amount is a percentage of the asset value at cost. The percentage is the depreciation rate. It is obtained by dividing one by the number of useful years.

i.e. depreciation rates =1/ useful life  x 100.

Since the depreciation rate will be constant, and the asset cost does not change its value, the depreciation amount will be a constant figure throughout the useful life of the asset.

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