Asked by Rachel Schultz on Jun 05, 2024
Verified
The double declining-balance method is an accelerated depreciation method.
Double Declining-balance
An accelerated method of depreciation where an asset's book value is reduced at double the rate of its straight-line depreciation.
Accelerated Depreciation
A method of depreciation used for accounting or income tax purposes that allows higher deductions in the earlier years of the useful life of an asset.
- Calculate the cost of depreciation through a range of techniques, notably straight-line, double declining-balance, and units-of-production.
Verified Answer
MJ
McKayla JaschJun 07, 2024
Final Answer :
True
Explanation :
The double declining-balance method is an accelerated depreciation method that writes off more of an asset's value in the early years than in its later years.
Learning Objectives
- Calculate the cost of depreciation through a range of techniques, notably straight-line, double declining-balance, and units-of-production.