The depreciation method currently allowed under EU tax law governing the accelerated write-off of property under various lifetime classiﬁcations is called _____ depreciation.

Question

Quizplus · Accepted Answer

The term "accelerated write-off" suggests that the depreciation method is designed to allow for a faster write-off of property than the normal straight-line method. The reducing balance method is a common accelerated depreciation method that allows for a larger deduction in the earlier years of an asset's life and a smaller deduction in later years. This method is often used to encourage investment and economic growth by reducing the tax burden on businesses that invest in new property. None of the other options listed are specifically designed for accelerated depreciation.

The Depreciation Method Currently Allowed Under EU Tax Law Governing