Straight-line depreciation results in,
A)Depreciation expense being a constant amount each year.
B)Accumulated depreciation increasing by an equal amount each year.
C)Book value decreasing by the same equal amount each year.
D)All of the choices are correct.

Question

Quizplus · Accepted Answer

Straight-line depreciation results in a constant amount of depreciation expense being recorded each year, which in turn causes accumulated depreciation to increase by an equal amount each year. As a result, the book value of the asset decreases by the same equal amount each year. Therefore, all of the choices are correct.

Straight-Line Depreciation Results In