After the early years of an asset's life,accelerated depreciation methods:
A)cause an asset to be carried at a higher book value than the straight-line method.
B)cause an asset to be carried at a lower book value than the straight-line method.
C)cause an asset to be carried at the same book value as the straight-line method.
D)cannot be used if the resulting book value will be significantly different from that which would result from using the straight-line method.

Question

Quizplus · Accepted Answer

Accelerated depreciation methods result in higher depreciation expenses in the early years of an asset's life, which causes the asset to be carried at a lower book value than the straight-line method in later years.

After the Early Years of an Asset's Life,accelerated Depreciation Methods