Accounting · Product vs Period Costs and Depreciation
Match the accounting cost classifications and depreciation methods mentioned in LIST-I with their corresponding core characteristics in LIST-II: LIST-I (Accounting Category) A. Product Cost B. Period Cost C. Straight Line Method (SLM) D. Written Down Value (WDV) LIST-II (Core Characteristic) I. Manufacturing costs like raw materials and direct labour that are capitalised into inventory until the point of sale. II. Costs relating to time rather than production units, such as interest expense and administrative overheads. III. Results in a uniform reduction of book value and reaches zero at the end of the asset's useful life. IV. Charges a fixed percentage on the opening book value each year, resulting in higher depreciation in early years. Choose the correct answer from the options given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A-II, B-I, C-IV, D-III
- 2A-I, B-II, C-IV, D-III
- 3A-II, B-I, C-III, D-IV
- 4A-I, B-II, C-III, D-IV✓
Correct answer
A-I, B-II, C-III, D-IV
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