The amount of depreciation expense over the life of an asset will be the same in all of the different methods of depreciation.

Question

Quizplus · Accepted Answer

This statement is true. The total amount of depreciation expense over an asset's life is based on its original cost, salvage value, and useful life, which are all the same regardless of the method of depreciation used. However, the timing and amount of depreciation expense recognized each year may vary depending on the method used.

The Amount of Depreciation Expense Over the Life of an Asset