If an accelerated depreciation method is used for an asset with a useful life of five years,more depreciation expense would be recorded in the third year than in the fifth year.

Question

Quizplus · Accepted Answer

When an accelerated depreciation method such as double-declining balance or sum-of-the-years' digits is used, more depreciation expense is recorded in the early years of an asset's life and less in the later years. Therefore, the third year would have a higher depreciation expense than the fifth year.

If an Accelerated Depreciation Method Is Used for an Asset