An accelerated depreciation method is appropriate when the asset's economic usefulness is the same each year.

Question

Quizplus · Accepted Answer

An accelerated depreciation method, such as double declining balance or sum-of-years-digits, assumes that the asset's economic usefulness declines more in the early years of its life than in the later years. Therefore, it is not appropriate if the asset's economic usefulness is the same each year. A straight-line depreciation method would be more appropriate in this case.

An Accelerated Depreciation Method Is Appropriate When the Asset's Economic