Refer to Falling Leaves Lawn Care. The company wants to use the depreciation method that will result in the highest depreciation expense for 2013. Which method should be used?

Question

Quizplus · Accepted Answer

The double-declining-balance method results in the highest depreciation expense in the early years of an asset's life, which would be most beneficial for Falling Leaves Lawn Care in 2013. This method allows for a larger depreciation expense in the early years and less in the later years.