In the first year of an asset’s life, which of the following methods has the smallest depreciation?

Question

In the first year of an asset's life, which of the following depreciation methods results in the smallest amount of depreciation? a. Declining balance. b. Sum-of-the-years' digits. c. Composite or group. d. Straight-line.

Lesly Cormier · Accepted Answer

d. Straight-line.Explanation:Depreciation: Depreciation is an expense indicating a reduction in the value of fixed assets due to tear and wear, obsolescence, usage, time period, etc. It is shown on the income statement debit line. It is a non-cash item not impacting the cash balance. In the straight-line method, the depreciation expense would be lowest in this method and it remains the same for the remaining useful life In the double-declining method, the depreciation rate is doubled and contain the highest value In the sum of the year digit, we sum the useful life like 5 years so we sum 5+4+3+2+1 = 15 years and divide it to the useful life i.e 5In the composite or group, the depreciation is taken for the group, not for the individual company

Anonymous · Answer

63Step-by-step explanation: A composite number is a whole number. It can be defined as a number that is divisible by 1, itself and other factors. This means a composite number has two or more factors. A prime number cannot be a composite number.The seven smallest composite numbers are:4, 6, 8, 9, 10, 14, 16, Their total sum = 4 + 6 + 8 + 9 + 10 + 14 + 16 = 63Therefore, the sum of the seven smallest composite numbers which cannot be determined to be composite simply by using the divisibility rules (for 2,3,4,5,6,8,9 or 10) is 63.

Anonymous · Answer

i think it's 8 because 3 and 5 are prime numbers & 8 is compositeStep-by-step explanation:

Anonymous · Answer

My answer is 247.Step-by-step explanation:I used guess and check, but if you can find a better way please let me know. 32 + 33+34+35+36+38+39=247=13x19.I hope it can help!

Prof. Genoveva Fay MD · Answer

My answer is 247.Step-by-step explanation:I used guess and check, but if you can find a better way, please let me know.32+33+34+35+36+38+39=247=13x19.63 is not possible because it is divisible by 3 and 9.

Anonymous · Answer

The sum was 29 percent each

Anonymous

In the first year of an asset’s life, which of the following methods has the smallest depreciation?

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