Which method will give you a higher amount of depreciation expense in the later years of...

60.1K

Verified Solution

Question

Accounting

Which method will give you a higher amount of depreciationexpense in the later years of an asset's life, straight-line ordeclining balance? Explain

Answer & Explanation Solved by verified expert
4.5 Ratings (824 Votes)
The correct answer is Straight Line Method will give higher amount of depreciation expense in the later years of an assets life This is because Declining balance method provides higher depreciation expense in earlier years which gradually decreases over the time and in later    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students