The 200 percent or double declining balance method is allowable for five and seven-year property.

Name: The 200 percent or double declining balance method is allowable for five and seven-year property.
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Quizplus · Accepted Answer

The 200 percent or double declining balance method is an allowable method of depreciation for five and seven-year property. It allows you to depreciate an asset more quickly in the early years of its useful life, which can provide a tax benefit to the owner.

The 200 Percent or Double Declining Balance Method Is Allowable