Depreciation Methods Flashcards
(3 cards)
1
Q
Straight-line
A
- Equal amount per period
* (cost - residual value) x 1/life x months/12
2
Q
Units-of-production
A
- Different amount based upon usage
* (cost - residual value) ÷ life in units
3
Q
Double-Declining
A
- Accelerated method
* (cost - accumulated depreciation) x 2/life x months/12
