Recording an equal amount of depreciation expense for a plant asset in each year of its useful life. Depreciation

  • units-of-production method
  • straight-line-depreciation
  • salvage value
  • real property
Answer: straight-line-depreciation
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  1. What will be the amount of depreciation of plant for fifth year as per straight line method when original cost of plant $1,000,000; Salvage value $40,000 , Expected useful life 10 years?

  2. Calculating the estimated annual depreciation expense based on the amount of production expected from a plant asset.

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  8. Find the amount of depreciation chargeable under the straight line method for the second year if amount for first year is $4,000

  9. A method that recognizes a full year's depreciation if the asset is acquired in the first half of the year.

  10. A motorcycle which costs RM12,000 is expected to have useful life of 7 years and a scrap value of RM3,000. Calculate the accumulated depreciation of the motorcycle at the end of 4th year using the straight line method.

  11. The value of an asset at the end of its useful life is....

  12. The original cost of a plant asset minus accumulated depreciation.

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  14. Which method of depreciation calculates a depreciation cost that is the same or a uniform amount per annum?

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