The depreciation method an entity selects should reflect the pattern in which the entity expects to consume the future economic benefits embodied in the asset. The available depreciation methods include all of the following except

Question

Quizplus · Accepted Answer

Amortization is not a depreciation method; it is the process of allocating the cost of intangible assets over their useful lives, whereas depreciation refers to the allocation of the cost of tangible assets.

The Depreciation Method an Entity Selects Should Reflect the Pattern