Question: Why are time-based depreciation methods used more frequently than activity-based methods?

Why are time-based depreciation methods used more frequently than activity-based methods?

Step by Step Solution

★★★★★

3.43 Rating (178 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Theoretically the use of activitybased depreciation methods would provi... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

254-B-A-I-A (3324).docx

120 KBs Word File

Students Have Also Explored These Related Accounting Questions!

Q:

Why is the units-of-production method used frequently to calculate depreciation for natural resources? Why is the term "depletion" oft en used instead of "depreciation"?

Q:

Why do gram-positive bacteria cause respiratory diseases more frequently than gram-negative bacteria?

Q:

Why are present value tables frequently used to convert future values to present values?

Q:

why are time-base depreciation methods used more frequently than activity-based methods?

Q:

1. Why are time based depreciation methods used more frequently than activity based methods? 2. The one part I struggled with the most is the depreciation rate per year. I am hoping to get a better...

Q:

Why are time-based depreciation methods used more frequently than activity-based methods?

Q:

1. On June 4, White Corporation issued $400 million of bonds for $414 million. During the same year, $1 million of the bond premium was amortized. In a statement of cash flows prepared by the...

Q:

A B C D E F G H J K L M 56 7 8 9 Presented below are certain Tangible Assets for the Cheryll's Furniture Company's Accounting Records for the year of 2022 CHERYLL'S FURNITURE COMPANY 10 Asset...

Q:

Can you please correct the wrong ones! Required: a-1. Prepare a complete depreciation schedule, beginning with the current year, using the straight-line method. (Assume that the half- year convention...

Q:

Swanson & Hiller, Inc., purchased a new machine on September 1 of the current year at a cost of $140,000. The machine's estimated useful life at the time of the purchase was five years, and its...

Q:

In the diagram below that describes a fully buffered 8086 uP, show what is the component that labeled by numbers? 7 Choose. Choose. 5, 6 Choose. Choose. Choose. 2, 3, 4 Choose. 00

Q:

Take one of your favorite retail items 1. Trace the country of origin 2. Show the product development 3. Based on the price you paid, what can you understand about the cost of production on the...

Q:

During the year, the county paid maintenance salaries of $ 5 5 1 , 0 0 0 . Ignore payroll taxes. The county does not record encumbrances for payroll because the amounts are fairly constant. Highway...

Q:

If a company currently employs the chase strategy and the cost of training increases dramatically, how might this change the company's aggregate planning strategy?

Q:

What is the normal procedure for handling the collection of accounts receivable previously written off using the direct write-off method the allowance method?

Q:

What is the normal procedure for handling the collection of accounts receivable previously written off using the direct write-off method the allowance method?

Q:

What is the normal procedure for handling the collection of accounts receivable previously written off using the direct write-off method the allowance method?

Q:

The YTMs of three $1,000 face value bonds that mature in 10 years and have the same level of risk are equal. Bond A has an 8% annual coupon, Bond B has a 10% annual coupon, and Bond C has a 12%...

Q:

question 6-9 1. Calculating Liquility Ratios 1[0LO L SDJ. Inc. has net working capital of $2.630, current liabilities of $3.970. and imentory of $3.860. What is the current ratio? What is the quick...

Q:

Question Two You are an independent financial advisor and have been given the following details relating to Rapido: Summary statements of financial position 31 December 2020 2021 2021 Actual Budget...