Question

18. Fixed assets are depreciated based on the principle of
(A) Money measurement
(B) Going concern
(C) Materiality
(D) Accounting Entity​

Answer 1

Answer:

(A)Money measurement

Answer 2

Answer:

The unit of production method calculates depreciation based on the actual use of an asset. According to this method, the depreciation expense of a fixed asset is determined based on the number of units of product produced.