A method that charges the same amount of expense to each period of the asset's useful life is called:
A)Accelerated depreciation.
B)Declining-balance depreciation.
C)Straight-line depreciation.
D)Units-of-production depreciation.
E)Modified accelerated cost recovery system (MACRS) depreciation.

Question

Quizplus · Accepted Answer

Straight-line depreciation charges an equal amount of expense to each period of the asset's useful life. This method is commonly used because it is simple and provides a consistent and predictable expense amount each period. Other methods, such as accelerated depreciation, may result in higher expenses in the early years of the asset's life and lower expenses in the later years.

A Method That Charges the Same Amount of Expense to Each