Which depreciation method calculates annual depreciation expense based on the book value of an asset?
A)double-declining-balance method
B)sum-of-the-years'-digits method
C)inventory systems method
D)group method

Question

Quizplus · Accepted Answer

The double-declining-balance method calculates annual depreciation expense based on the book value of an asset at the beginning of each year, leading to higher depreciation expenses in the earlier years of an asset's life.

Which Depreciation Method Calculates Annual Depreciation Expense Based on the Book