The depreciation method in which salvage value is ignored until the end of the life of the asset is:

Name: The depreciation method in which salvage value is ignored until the end of the life of the asset is:
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Question

Quizplus · Accepted Answer

The double-declining-balance method of depreciation does not consider the salvage value in calculating the annual depreciation expense until the last year of the asset's useful life. This method accelerates the depreciation expense in the early years of the asset's life.

The Depreciation Method in Which Salvage Value Is Ignored Until