Given the following list of methods of depreciation, select the method that is best for the situation or purpose given. (Choices may be used more than once.)
-This method is used in situations where technological advances are rapid.
A)Straight-line
B)Units-of-production
C)Double-declining-balance
D)MACRS

Question

Quizplus · Accepted Answer

The double-declining-balance method accelerates depreciation in the early years of an asset's life, which is appropriate for situations where technological advances are rapid and newer assets may quickly become outdated.

Given the Following List of Methods of Depreciation, Select the Method