Which of the following is true of the accelerated depreciation?

Question

Quizplus · Accepted Answer

Accelerated depreciation allows companies to charge more depreciation in the early years of an asset's life, which results in lower taxable income and taxes in the short run. This is because accelerated methods allocate a higher percentage of the asset's cost to the early years of its useful life. This method also means that companies will record lower book profits in later years.

Which of the Following Is True of the Accelerated Depreciation