Accounting for IGCSE & O level - Accounting Procedures (Section 13 - No. 13)
Which of the following statements about the straight-line depreciation method is correct?
It results in higher depreciation expense in the earlier years of an asset's life.
It results in lower depreciation expense in the earlier years of an asset's life.
It allocates an equal amount of depreciation expense over the asset's useful life.
It is only used for intangible assets.
Explanation
The straight-line method distributes depreciation evenly over the asset's life.
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