Which of the following depreciation methods allocates a fixed amount of depreciation to kilometres driven, hours used, or some other measure of the asset's utilisation?

Question

Quizplus · Accepted Answer

The units-of-production method allocates depreciation based on the actual usage of the asset, such as kilometres driven or hours used, making it suitable for assets whose wear and tear is directly related to their usage.

Which of the Following Depreciation Methods Allocates a Fixed Amount