loader  Loading... Please wait...

Question(s) / Instruction(s):

Each of the statements appearing below is descriptive of one or more of the following amortization methods. In the spaces below, place the letter(s) belonging to the method(s) to which the statement best applies. More than one method may be described by each statement.

a. Declining balance                        e. Capital cost allowance

b. Group                                              f.  Units of output

c. Composite                                      g. Working hours

d. Straight line

1)            The amortization rate is determined by the class of the asset being amortized. 

2)            These methods are used for amortizing multiple-asset accounts              

3)            These methods allocate larger shares of the cost of a plant asset to expense during the years in which the greatest use is made of the asset.             

4)            These methods usually allocate larger shares of the cost of a plant asset to expense during the earlier years of its life.       

5)            Once the depreciable base, scrap value, and life of a plant asset are determined, the annual charges to operations under this method will be the same.

Find Similar Answers by Subject


Student Reviews

Rate and review your solution! (Please rate on a Scale of 1 - 5. Top Rating is 5.)


Expert's Answer
Download Solution:
$1.79

This solution includes:

  • Plain text
  • Cited sources when necessary
  • Attached file(s)
  • Solution Document(s)

You Recently Viewed...



Reach Us

408-538-8534

20-3582-4059

39-008-4233

+1-408-904-6494