Double-declining-balance depreciation computes annual depreciation by multiplying the asset's carrying value by two times the straight-line rate.

Question

Quizplus · Accepted Answer

This is a correct statement, as double-declining-balance depreciation is a method of accelerated depreciation that calculates annual depreciation by multiplying the asset's carrying value by two times the straight-line rate.

Double-Declining-Balance Depreciation Computes Annual Depreciation by Multiplying the Asset's Carrying