Which of the following is considered an accelerated depreciation method?
A) straight line
B) units of production
C) LIFO
D) double declining balance

Question

Quizplus · Accepted Answer

Double declining balance is considered an accelerated depreciation method because it allows for a larger portion of the asset's cost to be expensed in the earlier years of its useful life. The depreciation expense decreases each year, reflecting the diminishing value of the asset.

Which of the Following Is Considered an Accelerated Depreciation Method