In its first year of business, Digmore Corporation balance sheet shows gross fixed assets at $90 million and accumulated depreciation of $10 million. If the estimated salvage value of these assets is $10 million, and the original estimated useful life is 8 years, what method of depreciation did Digmore most likely use?
A)Units of production.B)Straight Line.
C)Double-declining-balance.
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答案 B
$90 − $10 million = $80 million; $80 million / 8 = $10 million depreciation per year under Straight Line depreciation
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