Which method of depreciation is used by most U.S. companies for financial reporting purposes?
A) Straight-line
B) Units-of-production
C) Double-declining-balance
D) None of these answer choices are correct

Question

Quizplus · Accepted Answer

Straight-line depreciation is the most commonly used method by U.S. companies for financial reporting purposes because it is simple and provides a steady, predictable expense over the life of the asset.

Which Method of Depreciation Is Used by Most U