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Which of the following is NOT a method of depreciation?

Practice Questions

Q1
Which of the following is NOT a method of depreciation?
  1. Straight-Line Method
  2. Declining Balance Method
  3. Units of Production Method
  4. Cost Recovery Method

Questions & Step-by-Step Solutions

Which of the following is NOT a method of depreciation?
  • Step 1: Understand what depreciation is. Depreciation is a way to account for the decrease in value of an asset over time.
  • Step 2: Learn about common methods of depreciation. Some standard methods include Straight-Line, Declining Balance, and Units of Production.
  • Step 3: Identify the term 'Cost Recovery Method'. This term refers to recovering costs rather than calculating depreciation.
  • Step 4: Compare the Cost Recovery Method with standard methods. Notice that it does not fit the definition of a depreciation method.
  • Step 5: Conclude that the Cost Recovery Method is NOT a standard method of depreciation.
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