A depreciation method in which an item of property, plant and equipment's depreciation expense for a period is determined by applying a constant depreciation rate to the asset's beginning-of-period carrying amount is called:
A) Carrying amount depreciation.
B) Declining-balance depreciation.
C) Straight-line depreciation.
D) Units-of-production depreciation.
E) Equivalent depreciation.

Question

Quizplus · Accepted Answer

The declining-balance depreciation method applies a constant rate to the asset's beginning-of-period carrying amount, resulting in decreasing depreciation expenses over time.

A Depreciation Method in Which an Item of Property, Plant