With the ____ method of depreciation, the annual depreciation amounts decline as the asset gets older.

Question

Quizplus · Accepted Answer

With the declining-balance method of depreciation, the annual depreciation amounts decline as the asset gets older. This is because the depreciation rate is applied to the remaining book value of the asset each year, which decreases as the asset is depreciated. Therefore, option A is the correct choice. Option B (straight-line) results in equal annual depreciation amounts, while option C (exponential) and option D (delivery) are not recognized depreciation methods.

With the ____ Method of Depreciation, the Annual Depreciation Amounts