The double-declining-balance method of depreciation
A)causes less depreciation in the early years of an asset's use as compared to other depreciation methods.
B)causes the same amount of depreciation in the early years of an asset's use as compared to other depreciation methods.
C)causes more depreciation in the early years of an asset's use as compared to other depreciation methods.
D)is not an acceptable depreciation method according to generally accepted accounting principles.
E)None of the above

Question

Quizplus · Accepted Answer

The double-declining-balance method is an accelerated depreciation method that causes more depreciation in the earlier years of an asset's use compared to straight-line depreciation, which is a slower and less aggressive method. Therefore, option C is the correct answer.

The Double-Declining-Balance Method of Depreciation