A depreciation method in which a property,plant and equipment asset's depreciation expense for the period is determined by applying a constant depreciation rate each year to the asset's beginning book value is called

Question

Quizplus · Accepted Answer

The double-declining-balance depreciation method applies a constant depreciation rate to the asset's beginning book value each year, resulting in a decreasing depreciation expense over time.

A Depreciation Method in Which a Property,plant and Equipment Asset's