Question

what are the advantages and disadvantages of straight line method method of depreciation​

Answer 1

Explanation:

Advantage

• It is simple method of calculating the depreciation
• In this method, asset can be depreciated up to the estimated scrap value
• In this method, it is easy to know the amount of depreciation
• Every year, profit and loss account is debited by the same account of depreciation so there is same effect on the P&L account (profit and loss) every year

Disadvantages

• With the passage of time, work efficiency of asset decreases and repair expenses increases. As a result,in later years there is more load on the P and L a/c.
• Sometimes in this method, the book value of asset becomes nil, still the assets are used in business.

Answer 2

Answer:

Reliable – People with disability take fewer days off, take less sick leave and stay in jobs longer than other workers. Productive – Once in the right job, people with disability perform as well as other employees. Affordable – Recruitment costs are lower.

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