Question

Besides a straight line depreciation, What are some of the other ways for reporting asset values...

Besides a straight line depreciation, What are some of the other ways for reporting asset values that might better serve users of financial reports?

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Answer #1

Besides a straight line Depreciation, there are different depreciation methods using which companies can report asset values that might better serve users of financial reports. The other depreciation methods that are there in use are:

Units of production method: This method provides for depreciation by means of a fixed rate per unit of production.


Accelerated Depreciation: This method is used when the assets depreciation are accelerated.

Sum-of-Year Method and Double declining method are also methods using which asset values are reported.

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