If an accelerated depreciation method is used for an asset with a useful life of five years,more depreciation expense will be recorded in Year Three than in Year Five.

Question

Quizplus · Accepted Answer

When an accelerated depreciation method is used, more depreciation expense is recorded in the earlier years of an asset's useful life, and less depreciation expense is recorded in the later years. Therefore, Year Three will have a higher depreciation expense than Year Five.

If an Accelerated Depreciation Method Is Used for an Asset