For a plant asset that wears out because of physical use rather than obsolescence,which depreciation method best meets the expense recognition principle?
A)straight-line
B)double-declining-balance
C)modified accelerated
D)units-of-production

Question

Quizplus · Accepted Answer

The units-of-production method best meets the expense recognition principle for assets that wear out due to physical use, as it allocates depreciation based on the asset's actual usage or production, directly linking the expense to the revenue it generates.

For a Plant Asset That Wears Out Because of Physical