Which of the following is a characteristic of straight-line depreciation?

Which of the following is a characteristic of straight-line depreciation?

Step 1: Understand what depreciation means. Depreciation is the process of spreading out the cost of an asset over its useful life.
Step 2: Know what straight-line depreciation is. It is a method where the same amount of depreciation expense is recorded each year.
Step 3: Identify the useful life of the asset. This is how long the asset is expected to be used.
Step 4: Calculate the total cost of the asset. This is the amount you paid for it.
Step 5: Divide the total cost of the asset by its useful life. This gives you the amount of depreciation expense to record each period.
Step 6: Remember that in straight-line depreciation, the same amount is used every year until the asset is fully depreciated.

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