What is the objective of any accelerated depreciation method?
A) To recognize greater amounts of depreciation in the later years of an asset's life and smaller amounts in the early years
B) To recognize greater amounts of depreciation in the early years of an asset's life and smaller amounts in the later years
C) To recognize stable amounts of depreciation in both the early and in the later years of an asset's life
D) To accelerate the computation of the depreciation expense by the accountants.

Question

Quizplus · Accepted Answer

The objective of any accelerated depreciation method is to recognize greater amounts of depreciation in the early years of an asset's life and smaller amounts in the later years. This is because assets tend to lose their value more quickly in the early years of their life and hence should be depreciated more in those years.

What Is the Objective of Any Accelerated Depreciation Method