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5. Which of the following is not one of the most common depreciation methods? a.Units-of-output method...

5. Which of the following is not one of the most common depreciation methods?

a.Units-of-output method

b.Double-declining-balance method

c.Sum-of-the-years-digits method

d.Straight-line method

6.

Which of the following fixed assets is not depreciated?

a.building

b.equipment

c.land

d.None of these choices are correct.

Business   Accounting   
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Homework Answers

Answer #1

5. Depreciation is an allocation of Cost of assets in over the useful life of assets. so depreciation has many common methods which includes :

a) Straight line method

b) Sum of the years digit method

c) Double declining balance method

But unit of output method is not common depreciation method.

so answer is a) Units-of-output methods

6. Every fixed assets is depricable assets but this rule has exception which includes land.

in other words Land is not depreciable assets.

so answer is c) Land

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