Depreciation Methods Flashcards Preview

Accounting 1B > Depreciation Methods > Flashcards

Flashcards in Depreciation Methods Deck (3)
Loading flashcards...
1

Straight-line

• Equal amount per period
• (cost - residual value) x 1/life x months/12

2

Units-of-production

• Different amount based upon usage
• (cost - residual value) ÷ life in units

3

Double-Declining

• Accelerated method
• (cost - accumulated depreciation) x 2/life x months/12