Activity-based methods of depreciation are appropriate for assets whose service life is a function of use rather than time.

Name: Activity-based methods of depreciation are appropriate for assets whose service life is a function of use rather than time.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Activity-based methods of depreciation consider the amount of use an asset receives and are appropriate for assets whose service life is more dependent upon usage rather than time. Examples of such assets include vehicles, machinery, and equipment.

Activity-Based Methods of Depreciation Are Appropriate for Assets Whose Service