Question

Each of the statements appearing below is descriptive of one or more of the following depreciation methods. Choose the best depreciation methods for each of the statement.

1.	The depreciation charged by this method decreases by the same amount each year.	Composite, Straight-lineCompositeUnits of output, Working hoursWorking hoursStraight-line, Units of outputStraight-line, Working hoursSum-of-the-years'-digitsGroup, Straight-lineGroupGroup, CompositeComposite, Sum-of-the-years'-digitsDeclining-balance, CompositeUnits of outputComposite, Units of outputDeclining-balance, GroupGroup, Working hoursDeclining-balance, Straight-lineGroup, Sum-of-the-years'-digitsComposite, Working hoursDeclining-balance, Sum-of-the-years'-digitsDeclining-balanceGroup, Units of outputSum-of-the-years'-digits, Units of outputDeclining-balance, Units of outputDeclining-balance, Working hoursStraight-line, Sum-of-the-years'-digitsSum-of-the-years'-digits, Working hoursStraight-line
2.	These methods are used for depreciating multiple-asset accounts.	Sum-of-the-years'-digitsWorking hoursStraight-lineDeclining-balance, Sum-of-the-years'-digitsStraight-line, Sum-of-the-years'-digitsGroup, Working hoursDeclining-balance, Units of outputUnits of outputSum-of-the-years'-digits, Working hoursComposite, Straight-lineStraight-line, Units of outputDeclining-balance, GroupStraight-line, Working hoursSum-of-the-years'-digits, Units of outputDeclining-balance, CompositeComposite, Sum-of-the-years'-digitsComposite, Units of outputComposite, Working hoursDeclining-balance, Straight-lineGroup, Units of outputDeclining-balance, Working hoursUnits of output, Working hoursGroupGroup, CompositeDeclining-balanceCompositeGroup, Straight-lineGroup, Sum-of-the-years'-digits
3.	These methods allocate larger shares of the cost of a plant asset to expense during the years in which the greatest use is made of the asset.	Straight-line, Working hoursSum-of-the-years'-digits, Working hoursSum-of-the-years'-digits, Units of outputDeclining-balance, Sum-of-the-years'-digitsUnits of outputComposite, Straight-lineUnits of output, Working hoursDeclining-balance, GroupDeclining-balanceGroup, Straight-lineGroupDeclining-balance, CompositeDeclining-balance, Units of outputDeclining-balance, Straight-lineCompositeDeclining-balance, Working hoursSum-of-the-years'-digitsGroup, CompositeWorking hoursGroup, Sum-of-the-years'-digitsStraight-lineGroup, Units of outputGroup, Working hoursComposite, Sum-of-the-years'-digitsStraight-line, Units of outputComposite, Units of outputComposite, Working hoursStraight-line, Sum-of-the-years'-digits
4.	These methods always allocate larger shares of the cost of a plant asset to expense during the earlier years of its life.	Straight-line, Working hoursGroup, Working hoursUnits of output, Working hoursCompositeDeclining-balance, Units of outputDeclining-balance, CompositeSum-of-the-years'-digitsStraight-line, Units of outputUnits of outputDeclining-balance, Straight-lineComposite, Working hoursWorking hoursComposite, Units of outputGroup, CompositeGroup, Straight-lineGroupDeclining-balance, GroupSum-of-the-years'-digits, Units of outputGroup, Sum-of-the-years'-digitsGroup, Units of outputComposite, Straight-lineSum-of-the-years'-digits, Working hoursStraight-lineDeclining-balance, Working hoursDeclining-balance, Sum-of-the-years'-digitsComposite, Sum-of-the-years'-digitsStraight-line, Sum-of-the-years'-digitsDeclining-balance
5.	Once the depreciable base, scrap value, and life of a plant asset are determined, the annual charges to operations under this method will be the same.	Straight-lineDeclining-balance, Working hoursDeclining-balance, CompositeGroup, CompositeComposite, Working hoursStraight-line, Sum-of-the-years'-digitsDeclining-balanceDeclining-balance, Sum-of-the-years'-digitsSum-of-the-years'-digits, Units of outputWorking hoursCompositeComposite, Sum-of-the-years'-digitsDeclining-balance, GroupStraight-line, Units of outputGroup, Working hoursComposite, Units of outputSum-of-the-years'-digitsGroup, Straight-lineUnits of outputGroupDeclining-balance, Straight-lineDeclining-balance, Units of outputGroup, Units of outputStraight-line, Working hoursGroup, Sum-of-the-years'-digitsComposite, Straight-lineSum-of-the-years'-digits, Working hoursUnits of output, Working hours

Answer 1

1) Sum-of-the-years'-digits

2) Group ,Composite

3) Units of output, Working Hours

4) Declining balance, Sum of the years' digits

5) Straight line