Accelerated depreciation methods are used primarily in:
A)Income tax returns.
B)The financial statements of small businesses.
C)The financial statements of publicly owned corporations.
D)Companies with computer-based accounting systems.

Question

Quizplus · Accepted Answer

Accelerated depreciation methods are mainly used in income tax returns to allow businesses to claim higher deductions in the early years of an asset's life, helping them lower their tax liability.

Accelerated Depreciation Methods Are Used Primarily In