According to generally accepted accounting rules,the straight-line method is the only allowable method of depreciating assets for the purposes of computing and reporting net income.

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While straight-line method is a commonly used method for depreciating assets, other methods such as accelerated depreciation methods like double-declining balance method and units-of-production method are also allowed under GAAP.

According to Generally Accepted Accounting Rules,the Straight-Line Method Is the Only