Chapter 17 Depreciation Flashcards
1
Q
Straight line method
Deprecation expense
A
Cost-residual value/estimated useful life in years
2
Q
Units of production method
Depreciation expense per unit=
A
Cost-residual value/total estimated units produced
3
Q
Declining-balance method
Depreciation expense
A
Book value at beginning of year*(depreciation rate)
