Which of the following depreciation methods would result in the most depreciation in the first year, assuming an eight year life and no salvage value?

Question

Quizplus · Accepted Answer

The double-declining balance method accelerates depreciation, resulting in more depreciation expense in the first year compared to the straight-line method, which spreads the cost evenly over the asset's useful life.

Which of the Following Depreciation Methods Would Result in the Most