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Which of the Following Statement Is Applicable to the Straight-Line

Question 66

Multiple Choice

Which of the following statement is applicable to the straight-line method of depreciation?


A) The expense is variable for the useful life of the asset.
B) The process is complex because you need to know the carrying amount, residual value and estimated useful life of the asset.
C) A company subject to political costs is more likely to select this depreciation method.
D) Assumes that the consumption of the asset is uniform over its expected useful life.

Correct Answer:

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