A depreciation method in which a plant asset's depreciation expense for a period is determined by applying a constant depreciation rate to the asset's beginning-of-period book value is called:

Question

Quizplus · Accepted Answer

The declining-balance depreciation method applies a constant rate to the asset's beginning-of-period book value, resulting in decreasing depreciation expenses over time.

A Depreciation Method in Which a Plant Asset's Depreciation Expense