Regardless of the method of depreciation used under international ﬁnancial reporting standards, the ending book value will be the same at the end of the asset's economic life.

Question

Quizplus · Accepted Answer

Regardless of the depreciation method used, the total depreciation expense over the asset's lifespan should be the same, leading to the same ending book value.

Regardless of the Method of Depreciation Used Under International ﬁNancial