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

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  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.

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  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?

  15. Annual depreciation may or may not be equal from year to year.

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