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Difference between SLM & WDV

Which is the ...

Question

Which is the best method of depreciation?

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Solution

The straight-line method of depreciation is the best method used to account for depreciation as it is easy to calculate and the most commonly used method.

Also read:

MCQs on Depreciation

What Is Depreciation?

What Is Depreciation Expense?

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Similar questions

Q. Which of these is not an accepted method of depreciation

Q. The depreciation method that is best suited for a machine that is being used on an hourly basis will be ____________.

In which method, the depreciation is constant and in which method, the depreciation is higher in initial years when compared to later years?

Q. Under which of following method depreciation is charged uniformly?
1. Straight line method (SLM).
2. Sum of year digit method.
3. Annuity method.
4. Depreciation fund method.
The correct answer is -

Q. The method of depreciation in which the amount of depreciation is not constant every year is _____________ .

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Difference between SLM & WDV

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