Most manufacturing firms use the accelerated depreciation method while retailers use the straight-line depreciation method for financial reporting purposes.

Question

Quizplus · Accepted Answer

It is not necessarily true that most manufacturing firms use the accelerated depreciation method and retailers use the straight-line depreciation method. The choice of depreciation method depends on various factors such as the asset being depreciated, its useful life, and tax regulations.

Most Manufacturing Firms Use the Accelerated Depreciation Method While Retailers