Which depreciation method uses the current book value in determining depreciation?

Name: Which depreciation method uses the current book value in determining depreciation?
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Question

Quizplus · Accepted Answer

Double-declining balance is the depreciation method that uses the current book value in determining depreciation. This method calculates depreciation as a percentage of the remaining book value each year, meaning that the depreciation expense decreases over time as the asset approaches its salvage value.

Which Depreciation Method Uses the Current Book Value in Determining