Which of the following is considered an accelerated depreciation method?
A)Double-declining balance
B)Units-of-production
C)Modified accelerated cost recovery system (MACRS)
D)Both double-declining-balance and MACRS

Question

Quizplus · Accepted Answer

Both double-declining-balance and MACRS are considered accelerated depreciation methods. The double-declining-balance method calculates depreciation at a faster rate than the straight-line method, while MACRS assigns different depreciation rates to different asset categories, resulting in faster initial depreciation.

Which of the Following Is Considered an Accelerated Depreciation Method