A company uses plant assets that are subject to rapid decreases in value due to obsolescence and physical deterioration.Which of the following depreciation methods is most appropriate to measure the decline in the usefulness of this company's assets?

Question

Quizplus · Accepted Answer

The double-declining-balance depreciation method is appropriate for measuring the decline in the usefulness of assets subject to rapid decreases in value due to obsolescence and physical deterioration. This method results in higher depreciation expenses in the early years of an asset's life, reflecting the asset's more rapid loss of value during that time.

A Company Uses Plant Assets That Are Subject to Rapid