The most popular depreciation method for financial reporting is the following:
A)units-of-production.
B)sum-of-the-years'-digits.
C)declining-balance.
D)straight-line.
E)other.

Question

Quizplus · Accepted Answer

The straight-line method is the most popular depreciation method for financial reporting because it provides a consistent, predictable expense each period and matches the cost of the asset evenly over its useful life. This method is also easy to understand and calculate, making it a preferred choice for financial reporting purposes.

The Most Popular Depreciation Method for Financial Reporting Is the Following