The declining-balance method of depreciation is based on the assumption that depreciation expense can be regarded as a constant function of time.

Question

Quizplus · Accepted Answer

The declining-balance method of depreciation is based on the assumption that an asset will depreciate more in the early years of its life and less in the later years. Therefore, the depreciation expense is not constant but decreases over time.

The Declining-Balance Method of Depreciation Is Based on the Assumption