The depreciation method that allocates an equal amount of de

The depreciation method that allocates an equal amount of depreciation each year is called the straight-line method.

true false

Solution

The correct choice is True

Explanation : - Under the straight-line method, an equal amount of depreciation is expensed each year of the asset\'s useful life. Depreciable cost, which is the asset\'s cost less its residual value, is divided by the useful life to give the annual depreciation expense.