Asked by Kayla Ellison on May 02, 2024
Verified
The depreciation method that recognizes equal amounts of annual depreciation over the life of an asset is ________.
Depreciation Method
A systematic approach used to allocate the cost of a tangible asset over its useful life, reflecting wear and tear, obsolescence, or age.
Annual Depreciation
The portion of the total cost of a tangible asset that is expensed each year over its useful life.
Asset's Life
The estimated duration over which an asset is expected to be useful in a business before it requires replacement.
- Acquire knowledge of the theories and computations related to depreciation, amortization, and depletion.
Verified Answer
ZK
Learning Objectives
- Acquire knowledge of the theories and computations related to depreciation, amortization, and depletion.