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Book Cover
Financial and Managerial Accounting: The Basis for Business Decisions, 12/e
Jan R. Williams, University of Tennessee
Susan F. Haka, Michigan State University
Mark S. Bettner, Bucknell University
Robert F. Meigs
Plant Assets and Depreciation

True/False Quiz

Please answer all questions



1

Different depreciation methods may be used for different assets.
A)True
B)False
2

A company may use different methods of depreciation in its financial statements than are used for determining taxable income.
A)True
B)False
3

Double-declining-balance, 150%-declining balance, and MACRS are all examples of accelerated depreciation methods
A)True
B)False








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