Accelerated depreciation follows the half-year convention. That is, assets receive a half-year of depreciation in the 1st year and the remaining half-year of depreciation in the T+1 year where T is the designated life of the asset.

Question

Quizplus · Accepted Answer

This statement is true. Accelerated depreciation follows the half-year convention, which means that in the first year, assets receive a half-year of depreciation, and the remaining half-year of depreciation is taken in the T+1 year, where T is the designated life of the asset.

Accelerated Depreciation Follows the Half-Year Convention