The Statement That Describes the Assumption Underlying the Straight-Line Method

Multiple Choice

The statement that describes the assumption underlying the straight-line method of depreciation is which of the following?

A) The asset makes the same contribution to income each year.
B) The asset's contribution to income relates mainly to obsolescence.
C) The asset makes a higher contribution to income in the earlier years of its life.
D) The asset's contribution to income is variable.