Under which depreciation method, the amount of depreciation expenses remains same throughtout the life of the asset?
A
Straight line method
B
Reducing balance method
C
Number of units produced method
D
Machine hours method
Correct Answer: Straight line method
Under Straight line method, the amount of depreciation expenses remains same throughtout the life of the asset. In a straight line depreciation method, it is assumed that the asset uniformly depreciates over its useful life.