If the 150% declining balance method is being used and an asset has a useful life of 20 years.What is the depreciation rate?
A)7.5%.
B)10%.
C)15%.
D)150%.

Question

Quizplus · Accepted Answer

The 150% declining balance method is a depreciation method that allocates a larger portion of the depreciation expense to the early years of an asset's life. The depreciation rate for this method is 150% divided by the useful life of the asset, which in this case is 20 years. Therefore, the depreciation rate is 150% / 20 = 7.5%.

If the 150% Declining Balance Method Is Being Used and an Asset