Which of the following statements about the double-declining-balance (DDB)method is true?
A)Companies that use the DDB method do not use partial-year depreciation.
B)Companies that use the DDB method generally do not use scrap value to calculate current-year depreciation expense.
C)Using the DDB method,the amount of depreciation expense varies from year to year depending on usage of the asset.
D)All of the above statements are true.

Question

Quizplus · Accepted Answer

Companies that use the double-declining-balance (DDB) method generally do not use scrap value to calculate current-year depreciation expense. The DDB method does allow for partial-year depreciation and results in a higher depreciation expense in the early years of an asset's life, but the amount of depreciation expense remains the same each year.

Which of the Following Statements About the Double-Declining-Balance (DDB)method Is