Intermediate Declining Balance

Test your Intermediate-level Depreciation Methods Declining Balance skills in Valuation Measurement Methods. This timed assessment evaluates your expertise in Accounting.

Duration: 5 minutes

•40 questions

Time Remaining: 05:00

Progress: 0%

40 questions remaining

Question 1 of 40Assessment

A potential disadvantage of using the declining balance method for financial reporting is that it:

A. is more complex to calculate than the units-of-production method.

B. is not permitted under Generally Accepted Accounting Principles (GAAP).

C. always results in a loss when the asset is sold.

D. can result in lower reported earnings in the early years of an asset's life.

Keyboard Shortcuts

↑↓Navigate options

EnterSelect answer

←→Prev/Next question

SSkip question

1-4Select A-D

EscClear answer

SpaceNext question

BackspacePrevious question