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Which statement best explains Straight-line method?

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Question ID #25876 UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC Accounting Principles Sectional Test 2026 Medium

Which statement best explains Straight-line method?

Correct Answer: A. Depreciation method charging an equal amount each year, subject to residual value
Straight-line method: Depreciation method charging an equal amount each year, subject to residual value

Question: Which statement best explains Straight-line method?

A. Depreciation method charging an equal amount each year, subject to residual value

B. Expenditure creating or improving a long-term asset or benefit

C. Asset expected to be realized, sold or consumed within the operating cycle or specified short period

D. Book containing individual accounts to which journal entries are posted

Correct Answer: A. Depreciation method charging an equal amount each year, subject to residual valueStraight-line method: Depreciation method charging an equal amount each year, subject to residual value

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Which statement best explains Straight-line method? - MCQ Explanation

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Correct answer: A. Depreciation method charging an equal amount each year, subject to residual value