assignment content\npage 16 of 20\nquestion 16\nfor income tax purposes, most companies use an accelerated…

assignment content\npage 16 of 20\nquestion 16\nfor income tax purposes, most companies use an accelerated depreciation method called double - declining - balance.\na true\nb false\nclear selection\ncontinue

assignment content\npage 16 of 20\nquestion 16\nfor income tax purposes, most companies use an accelerated depreciation method called double - declining - balance.\na true\nb false\nclear selection\ncontinue

Answer

Brief Explanations:

The double - declining - balance method is an accelerated depreciation method. Accelerated depreciation methods allow for larger depreciation expenses in the early years of an asset's life. For income tax purposes, many companies prefer accelerated methods like double - declining - balance as they reduce taxable income more in the short - term, which can lead to lower tax payments in the early years of an asset's use.

Answer:

A. True