A company uses plant assets that are subject to rapid decreases in value due to obsolescence and physical deterioration. Which of the following depreciation methods is most appropriate to measure the decline in the usefulness of this company's assets?

Question

Quizplus · Accepted Answer

The double-declining-balance method is an accelerated depreciation method that assigns more depreciation expense to the early years of an asset's life, reflecting rapid obsolescence and physical deterioration. This method is most appropriate for assets that lose value quickly, such as technology or machinery.

A Company Uses Plant Assets That Are Subject to Rapid