When calculating declining balance depreciation,the straight-line rate was used instead of double the straight-line rate.In the first year of ownership,this error would cause:

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When calculating declining balance depreciation using the straight-line rate instead of double the straight-line rate, the depreciation expense in the first year would be understated because declining balance depreciation front-loads the depreciation expense, meaning more depreciation is charged in the early years of an asset's life. Using the straight-line rate would result in a lower initial depreciation expense, which would be corrected in later years when the declining balance rate exceeds the straight-line rate.

When Calculating Declining Balance Depreciation,the Straight-Line Rate Was Used Instead