The straight-line depreciation method assumes an approximately equal decline in the economic usefulness of the asset each period and provides greater tax benefits early in the useful life of the asset.

Question

Quizplus · Accepted Answer

The straight-line depreciation method allocates an equal amount of depreciation expense each period, but it does not provide greater tax benefits early in the asset's life; accelerated methods like double-declining balance do.

The Straight-Line Depreciation Method Assumes an Approximately Equal Decline in the Economic