Grover,Inc. Grover,Inc.purchased a crane at a cost of $80,000.The crane has an estimated residual value of $5,000 and an estimated life of 8 years,or 12,500 hours of operation.The crane was purchased on January 1,2013 and was used 2,700 hours in 2013 and 2,600 hours in 2014.
Refer to the information for Grover,Inc.
Based on this information,what method of depreciation will produce the maximum depreciation expense in 2013?

Question

Quizplus · Accepted Answer

The double-declining-balance method accelerates depreciation, resulting in higher depreciation expenses in the earlier years compared to other methods.