What are at least four depreciation methods
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1) What are at least four depreciation methods that are available to a company?
2) What are the similarities and differences?
3) Why does a company select one method over another?
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1. The four methods are:
- Straight-line depreciation
- Declining-balance depreciation
- Activity depreciation
- Sum of years digits depreciation
2. The main similarity of these methods is that they all allow for attributing the cost of an asset across the useful life of the asset. However, the main difference between these methods lies in the weighing of asset attribution over time or activity.
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