Which method of depreciation ignores the residual value in the calculation of the annual depreciation expense?

Question

Quizplus · Accepted Answer

The declining balance method of depreciation ignores the residual value in the calculation of the annual depreciation expense. This method applies a fixed rate of depreciation to the asset's book value each year, resulting in a higher depreciation expense in the earlier years of an asset's life and a lower expense in later years.

Which Method of Depreciation Ignores the Residual Value in the Calculation