QuestionJuly 10, 2025

What type of depreciation is used when depreciating property for income tax purposes? Select one: a. Straight Line Depreciation b. Economic Depreciation c. Incurable Depreciation d. Reverse Depreciation

What type of depreciation is used when depreciating property for income tax purposes? Select one: a. Straight Line Depreciation b. Economic Depreciation c. Incurable Depreciation d. Reverse Depreciation
What type of depreciation is used when depreciating property for income tax
purposes?
Select one:
a. Straight Line Depreciation
b. Economic Depreciation
c. Incurable Depreciation
d. Reverse Depreciation

Solution
4.7(258 votes)

Answer

a. Straight Line Depreciation Explanation 1. Identify the correct depreciation method For income tax purposes, the most commonly used method is **Straight Line Depreciation**. It allows for equal expense amounts over the useful life of the property.

Explanation

1. Identify the correct depreciation method<br /> For income tax purposes, the most commonly used method is **Straight Line Depreciation**. It allows for equal expense amounts over the useful life of the property.
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