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Straight Line Method(SLM)

Straight line...

Question

Straight line method is very ____________.

A

Easy

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B

Difficult

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C

Complicated

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D

None

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Solution

The correct option is A Easy
Under straight line method of depreciation, a fixed and equal amount of depreciation, calculated at a fixed percentage on the original cost of a fixed depreciable asset is written off during each accounting period over the expected useful life of the asset.
Following are the merits of Staright line method :
It is easy to understand.
It is easy to calculate the amount and rate of depreciation.
Under this method, the book value of asset becomes zero or equal to its scrap value at the expiry of its useful life.

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Straight Line Method(SLM)

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