Accounting for IGCSE & O level - Accounting Procedures (Section 25 - No. 29)
When using the straight-line method, what assumption is made about an asset's usage?
The asset provides equal benefits over its useful life.
The asset provides more benefits in the early years.
The asset's value declines at an increasing rate.
The asset's value remains constant.
Explanation
The straight-line method assumes an asset provides consistent benefits throughout its life.
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