The double-declining-balance method ignores the residual value until the depreciation expense takes the book value below the residual value.

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The statement is true. The double-declining-balance method is an accelerated depreciation method that involves a higher depreciation expense in the early years of an asset's life. This method does not consider the residual value of the asset until the book value (cost minus accumulated depreciation) falls below the residual value. At that point, the depreciation expense is reduced to bring the book value down to the residual value.

The Double-Declining-Balance Method Ignores the Residual Value Until the Depreciation