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Why target use the straight line method?

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Updated: 9/26/2023

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Q: Why target use the straight line method?

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Continue Learning about Accounting

What depreciation method does target use?

the straight line method

What depreciation method does wal-mart use?

Straight line

What type of depreciation method does the company probably use for income tax purposes?

Straight line method.

A principal objection to the straight-line method of depreciation is that it?

It ignores variations in the rate of asset use.

In what way is the concept of consistency applies to depreciation?

Consistency is a concept used when applying accounting methods to a business, the business must continue to use that particular method. For an example if a company is charging depreciation using the straight line method, they must stick with the straight line method. According to this concept,whatever accounting practices(whether logical or not) are selected for a given category of transactions,they should be followed from one accounting period to another to achieve compatibility for example:if depreciation is charged according to a particular method it should be followed year after year for the purpose of comparison. Omair shehzad

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Related Questions

What depreciation method does target use?

the straight line method

What depreciation method does wal-mart use?

Straight line

What type of depreciation method does the company probably use for income tax purposes?

Straight line method.

What type of depreciation system does Boeing company use?

Straight line method

A principal objection to the straight-line method of depreciation is that it?

It ignores variations in the rate of asset use.

Is office furniture depreciated by the straight-line method?

Yes, office furniture is typically depreciated using the straight-line method, which evenly spreads the cost of the furniture over its useful life. This method allocates an equal amount of depreciation expense each year until the furniture's value reaches its salvage value.

What are straight line?

Well a straight line is something that you use in geometry and that is what you use to measure with.

An instrument use to construct a straight line?

an instrument use to construct straight line?

What straight line?

Well a straight line is something that you use in geometry and that is what you use to measure with.

How do you draw a straight-line?

you can use a ruler or a book or anything that has a straight line

Diminishing balance method of deprecation in the financial statements be more conservative or less conservative than the current practice of using the straight-line method?

The diminishing balance method of depreciation is generally considered less conservative than the straight-line method as it results in higher depreciation expenses in the earlier years of an asset's life. This reflects a more aggressive approach in recognizing depreciation compared to the straight-line method, which spreads depreciation evenly over the useful life of the asset.

What method of depreciation does Target Corp use on their financial statements?

According to their annual report, Target generally uses the accelerated depreciation method.

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