Double-declining-balance depreciation computes total depreciation by multiplying the asset's book value by two times the straight-line rate.

Question

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This statement is true. Double-declining-balance depreciation is a method of accelerated depreciation where the asset's book value is multiplied by two times the straight-line rate to calculate the total depreciation for each year of the asset's useful life.

Double-Declining-Balance Depreciation Computes Total Depreciation by Multiplying the Asset's Book