Which of the following statements concerning the sum-of-the-years'-digits method of depreciation is correct?

Question

Quizplus · Accepted Answer

The sum-of-the-years'-digits method of depreciation is a type of accelerated depreciation method where the depreciation charge per annum decreases over the life of the asset. The formula for this method is: (Remaining useful life/Sum of the years' digits) x (Cost of asset - Salvage value). Options A, C, and D are all incorrect.

Which of the Following Statements Concerning the Sum-Of-The-Years'-Digits Method of Depreciation