A machinery is depreciated by $2,000 every year. Which method is being used to calculate...

90.2K

Verified Solution

Question

Accounting

A machinery is depreciated by $2,000 every year. Which method is being used to calculate depreciation?

Written down value method

Straight line method

Double declining

Units of production

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students